TECH entrepreneur Tej Kohli has today launched a record €50 million investment arm to support Europe’s growing esports sector.
Mr Kohli – a self-made technology billionaire – believes the underdeveloped European esports market provides the best opportunities for investors in an industry gaining mainstream global attention.
Through his investment arm – called Rewired GG – he is looking to build a world-class esports team, as well as develop individual players, games and commercial opportunities.
Rewired GG is the European esports investment arm of Rewired, a venture studio investing in start-up AI and robotics firms, of which Mr Kohli is the lead backer. This European investment arm is thought to be the largest solely dedicated to esports investment in Europe and is on a par with those started in the US and Asia.
London-based Mr Kohli has been inspired to enter the market after being introduced to the sector by his gaming enthusiast son, Sean.
Sean is a keen League of Legends and Fortnite player and often watches North American leagues online.
Mr Kohli built his career in ecommerce technology and property investment, and now invests in social impact start-ups specialising in robotics, artificial intelligence, and biotech to further medical innovation.
The European esports sector is growing and attracting serious investments in teams and players.
We have already seen Premier League clubs such as Manchester City and West Ham invest in esports, while Leicester City defender Christian Fuchs has launched his own esports academy.
Mr Kohli said:
“esports has huge potential and could rival traditional sports like football, tennis and basketball in terms of cultural impact and viewing figures.
“I have seen first-hand through my son the passion many young people have for the sport and the growing professionalism of the teams, players and commercial partnerships.
“I believe that with the right mentoring and investment, Europe will soon play host to the best players, teams and commercial opportunities in global esports.
“esports is the most disruptive innovation in world sport and I am excited to be able to help it thrive this side of the Atlantic.”
Sam Cooke, MD and Co-founder at esports Insider, and advisor to Rewired GG said:
“I am really excited to see esports investment in Europe looking to catch up with those already seen in America and across Asia.
“There is so much European potential in this developing sector, from individual players to whole teams, and the establishment of an investment arm like Rewired GG goes to show that there is now real confidence in this potential.
“I am very much looking forward to supporting Mr Kohli with his upcoming investments in esports in Europe and beyond!”
Notes to Editors
About Mr Tej Kohli
Tej Kohli is a businessman, visionary entrepreneur and philanthropist. He studied at the Indian Institute of Technology and rose to success building solutions for e-commerce businesses during the peak of the dot-com boom. After developing a number of tech products, which were successfully launched, sold and white-labelled, he turned his hand to building a global property portfolio. Mr Kohli now invests in social impact technology firms specialising in robotics, artificial intelligence and biotech. He also funds the Tej Kohli Corneal Institute (TKCI), as part of his mission to cure corneal blindness worldwide by 2030. TKCI’s clinics around the world are dedicated to providing treatment and care for individuals who have been affected by curable corneal blindness. To-date, the institute has helped to treat hundreds of thousands of people.
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