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July 6, 2023 – London, United Kingdom
Veloce Media Group pronounces main funding dedication of $50 million from GEM Digital Restricted ignificant funding to gas Veloce Media Group’s development. GEM Digital Restricted is a worldwide main digital asset funding agency.
Following the announcement of Veloce Media Group’s evolution to Net 3.0 with the launch of its new blockchain utility and governance token VEXT it was as we speak introduced that GEM Digital Restricted will make investments as much as $50 million, by means of a structured token subscription settlement, into the group.
Veloce comprising of industry-leading gaming and racing platform Veloce Esports, and race-winning Excessive E outfit Veloce Racing has attracted over 35 million subscribers, practically one billion month-to-month views throughout a number of digital platforms together with YouTube and Twitch and tens of millions of social media followers to turn out to be the world’s largest racing gaming media community.
The London-based group additionally operates esports and gaming groups and types for a number of the {industry}’s most influential names, together with Mercedes AMG, Ferrari, McLaren and Yas Warmth, whereas additionally establishing a profitable three way partnership sub-brand with Lando Norris (Quadrant) and regularly competing and profitable with Veloce Elites.
The introduction of VEXT within the coming weeks will place Veloce as a number one decentralized gaming and sports activities media group, offering token holders with actual utility by means of quite a lot of video games integrating VEXT and tangible affect, advantages and rewards throughout the entire Veloce Media Group belongings.
The partnership with GEM Digital has all of the indicators of being an ideal ‘assembly of minds,’ because the funding agency strikes to extend its stake on this fast-moving world of sourcing, structuring and investing in utility tokens in related and rising industries.
Daniel Bailey, chief industrial officer of Veloce and CEO of Veloce Racing, stated,
“This can be a very thrilling transaction. It comes very quickly after the announcement of VEXT and our plans to evolve our media and sports activities group into this really progressive house, validating Veloce’s place as a pioneer within the {industry}.
“The GEM dedication will enable us to deal with development and growth by means of acquisition of extra gaming and real-life racing properties, finally giving our huge group additional VEXT utility and affect.”
For GEM Digital, the funding has discovered a pure house that displays its ambitions to work with a various set of organizations whereas selling companies within the rising markets, supporting sustainable and inclusive ambitions by means of enterprise.
The funding guarantees to herald mutual long-term alternatives.
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About Veloce Media Group
Based in 2018, Veloce is a multi-pillared gaming and sports activities media group working throughout a number of the most progressive, fast-growing and future-focused sectors within the UK.
Headquartered in London, the Veloce model contains of the industry-leading gaming and racing platform Veloce Esports and race-winning outfit Veloce Racing, presently competing within the famend Excessive E championship.
Because the world’s largest digital racing media community, Veloce has up to now attracted over 35 million subscribers and practically one billion month-to-month views with a deal with esports, gaming, purpose-driven motorsports and Net 3.0.
Veloce is partnered with a lot of high-profile groups from throughout the globe, working a number of gaming and esports crew operations, together with Mercedes AMG, Ferrari and Yas Warmth.
Effectively-established JV sub-brands, together with Lando Norris’ gaming and way of life model Quadrant, make up one other key facet of Veloce’s huge world community.
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About GEM Digital Restricted
GEM Digital Restricted is a digital asset funding agency. Based mostly within the Bahamas, the agency actively sources, buildings and invests in utility tokens listed on over 30 CEXs and DEXs globally.
GEM (World Rising Markets) is a $3.4 billion various funding group with places of work in Paris, New York and the Bahamas.
GEM manages a various set of funding autos centered on rising markets and has accomplished over 530 transactions in 72 international locations.
Every funding car has a special diploma of operational management, risk-adjusted return and liquidity profile.
The household of funds and funding autos present GEM and its companions with publicity to small-mid cap administration buyouts, personal investments in public equities and choose enterprise investments.
Contact
Rupert Svendsen-Cook dinner, CEO of Veloce Media Group
Louis Broomfield, head of digital advertising of Veloce Media Group
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