London, UK, July 6, 2023, Chainwire
- Veloce Media Group Pronounces Main Funding Dedication of $50 Million from GEM Digital Restricted Vital Funding to Gas Veloce Media Group’s Progress
- Gem Digital Ltd, a world chief in digital asset investing
Following the announcement of Veloce Media Group’s transfer to Web3, with the launch of its new blockchain utility and governance token, VEXT, it was introduced at this time that GEM Digital Ltd will make investments as much as $50 million , by way of a structured token subscription settlement, within the group .
Veloce, which incorporates industry-leading gaming and racing platform Veloce Esports and Excessive E outfit Veloce Racing, has attracted over 35 million subscribers, almost 1 billion month-to-month views, on a number of digital platforms, together with YouTube and Twitch, and hundreds of thousands of social networks. media followers to develop into the biggest racing recreation media community on the planet.
The London-based group additionally operates esports and gaming groups and types for a few of the most influential names within the {industry}, together with Mercedes AMG, Ferrari, McLaren, Yas Warmth, whereas establishing a sub-brand of profitable three way partnership with Lando Norris – Quadrant – and repeatedly competing and successful with Veloce Elites.
The introduction of VEXT within the coming weeks will place Veloce as one of many main decentralized gaming and sports activities media organizations; offering token holders with actual utility by way of quite a lot of video games integrating VEXT and tangible affect, advantages and rewards throughout all Veloce Media Group property.
The partnership with GEM Digital reveals all of the indicators of an ideal “assembly of minds” because the funding agency strives to extend its participation on this quickly altering world of sourcing, structuring and investing in utility tokens in related and rising sectors.
“It is a very thrilling transaction,” stated Daniel Bailey, Veloce Business Director and CEO of Veloce Racing, “it comes very quickly after the announcement of VEXT and our plans to evolve our group of media and sports activities into this actually revolutionary area; validating Veloce’s place as a pioneer within the {industry}.
“The GEM dedication will permit us to deal with development and growth, by way of the acquisition of extra gaming properties and real-world racing, finally giving our huge VEXT neighborhood extra 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 enterprise in rising markets, supporting sustainable and inclusive ambitions by way 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 sports activities media and video games group working in a few of the most revolutionary, fast-growing and forward-looking sectors within the UK.
Based mostly in London, the Veloce model consists of industry-leading gaming and racing platform, Veloce Esports, and successful workforce, Veloce Racing, presently competing within the famed Excessive E Championship.
Because the world’s largest digital racing media community, Veloce has to this point attracted over 35 million subscribers and almost 1 billion month-to-month views, with a deal with esports, gaming, focused motorsport and Web3.
Veloce is partnered with quite a few high groups around the globe, operating a number of gaming and esports workforce operations together with Mercedes AMG, Ferrari and Yas Warmth. Nicely-established JV sub-brands, together with Lando Norris’ Quadrant gaming and life-style model, are one other key facet of Veloce’s intensive world community.
For extra info, go to: https://www.velocemediagroup.com/
About GEM Digital Restricted
GEM Digital Restricted is a digital asset funding firm. Based mostly within the Bahamas, the corporate actively sources, constructions and invests in utility tokens listed on over 30 CEXs and DEXs globally.
International Rising Markets (“GEM”) 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 nations. Every funding automobile has a special diploma of operational management, risk-adjusted return and liquidity profile. The household of funds and funding autos supplies GEM and its companions with publicity to: small and mid-cap administration buyouts, non-public investments in public equities, and sure enterprise capital investments.
contacts
CEO, Rupert Svendsen-Cook dinner, Veloce Media Group, (e-mail protected)
Head of Digital Advertising, Louis Broomfield, Veloce Media Group, (e-mail protected)
