Singapore-based media company, Hepmil Media Group, has reportedly announced that it has raised over $10 million through Series A investment round. The fundraise was led by venture capital firm Quest Ventures, Temasek Holding’s private equity arm, Pavilion Capital Pte. Ltd., as well as Bent Pixels, an e-gaming digital media platform.
This is the group’s first fund raise supported by institutional investors since its formation in 2015.
With this investment, the company has reported that it will work on its regional expansion plans and also on enhancing its platform for the creators as well for the content it can host, and provide e-sports media inventory in the Southeast Asian (SEA) community.
Hepmil Media Group, which is the parent company of Hepmil Creator’s Network, a digital creator agency, as well as known for its media companies SGAG, MGAG, and PGAG, currently has offices in Singapore, Manila, Kuala Lumpur, and Jakarta.
Earlier this year, the group had entered into an exclusive partnership with Indonesia-based EVOS Esports to expand into the e-sports market while providing an additional platform for brands and talents to connect with a highly engaged audience. It also plans to expand to Thailand and Vietnam by 2022.
Karl Mak, co-founder and CEO, Hepmil Media Group, stated that the company plans on expanding and investing in technologies that will provide a new and innovative solution for brands, and become the preferred platform to work with while being able to redefine SEA digital media and entertainment industry.
It has been reported that the group has witnessed a strong revenue performance in the last year despite the pandemic, owing to the increasing demand for online content as well as advertising inventory for brands to reach their online customer base.
The company will also enter a joint-venture with Bent Pixels with which it can reach and expand towards the e-sports community of SEA.
Along with that, the group will also work on expanding HCN, and improving the capabilities of SGAG SGAG, MGAG, and PGAG so they can support new niche content areas as well.