London, United Kingdom, July sixth, 2023, Chainwire
- Veloce Media Group publicizes main funding dedication of $50 million from GEM Digital Restricted Vital funding to gas Veloce Media Group’s progress
- Gem Digital Ltd a worldwide main digital asset funding agency
Following the announcement of Veloce Media Group’s evolution to Web3, with the launch of its new blockchain utility and governance token, VEXT, it was right now introduced that GEM Digital Ltd will make investments as much as $50 million, via a structured token subscription settlement, into the organisation.
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, almost one billion month-to-month views, throughout a number of digital platforms together with YouTube and Twitch, and thousands and thousands of social media followers to grow to be the world’s largest racing gaming media network.
The London-based organisation additionally operates esports and gaming groups and types for a number of the {industry}’s most influential names, together with Mercedes AMG, Ferrari, McLaren, Yas Warmth, while additionally establishing a profitable three way partnership sub-brand with Lando Norris – Quadrant – and frequently competing and profitable with Veloce Elites.
The introduction of VEXT within the coming weeks will place Veloce as a number one decentralised gaming and sports activities media organisations; offering token holders with actual utility via a wide range of video games integrating VEXT and tangible affect, advantages and rewards throughout all the Veloce Media Group property.
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.
“This can be a very thrilling transaction ,” stated Daniel Bailey, Chief Industrial Officer Veloce and CEO Veloce Racing, “It comes very quickly after the announcement of VEXT and our plans to evolve our media and sports activities group into this actually progressive area; validating Veloce’s place as a pioneer within the {industry}.
“The GEM dedication will enable us to deal with progress and enlargement, via acquisition of extra gaming and real-life racing properties, finally giving our huge neighborhood additional VEXT utility and affect.”
For GEM Digital, the funding has discovered a pure residence that displays its ambitions to work with a various set of organisations while selling companies within the rising markets, supporting sustainable and inclusive ambitions via 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, at the moment competing within the famend Excessive E championship.
Because the world’s largest digital racing media community, Veloce has to date attracted over 35 million subscribers and almost one billion month-to-month views with a deal with esports, gaming, purpose-driven motorsport, and Web3.
Veloce is partnered with a lot of high-profile groups from throughout the globe, operating a number of gaming and esports group operations, together with Mercedes AMG, Ferrari, and Yas Warmth. Effectively established JV sub-brands, together with Lando Norris’ gaming and life-style model Quadrant, make up one other key side of Veloce’s huge international community.
To study extra, please go to: https://www.velocemediagroup.com/
About GEM Digital Restricted
GEM Digital Restricted is a digital asset funding agency. Primarily based in The Bahamas, the agency actively sources, constructions and invests in utility tokens listed on over 30 CEXs and DEXs globally.
World Rising Markets (“GEM”) is a $3.4 billion, various funding group with places of work in Paris, New York, and Bahamas. GEM manages a various set of funding automobiles 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 automobiles present GEM and its companions with publicity to: Small-Mid Cap Administration Buyouts, Personal Investments in Public Equities and choose enterprise investments.
Contacts
CEO
Rupert Svendsen-Prepare dinner
Veloce Media Group
[email protected]
Head Of Digital Advertising and marketing
Louis Broomfield
Veloce Media Group
[email protected]
