Veloce Media Group pronounces main funding dedication of $50 million from GEM Digital Restricted

London, United Kingdom, July sixth, 2023, Chainwire

• Veloce Media Group pronounces main funding dedication of $50 million from GEM Digital Restricted Important funding to gasoline Veloce Media Group’s development
• Gem Digital Ltd a world 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 at the moment introduced that GEM Digital Ltd will make investments as much as $50 million, by way of 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, practically 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 develop into the world’s largest racing gaming media community.

The London-based organisation additionally operates esports and gaming groups and types for among 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 successful 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 by way of a wide range of video games integrating VEXT and tangible affect, advantages and rewards throughout all the 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.

“It is a very thrilling transaction ,” mentioned Daniel Bailey, Chief Business 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 really progressive area; validating Veloce’s place as a pioneer within the {industry}.

“The GEM dedication will enable us to deal with development and growth, by way of acquisition of extra gaming and real-life racing properties, in the end giving our huge neighborhood additional VEXT utility and affect.”

For GEM Digital, the funding has discovered a pure dwelling that displays its ambitions to work with a various set of organisations while selling companies within the 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 gaming and sports activities media group working throughout among 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 present competing within the famend Excessive E championship.

Because the world’s largest digital racing media community, Veloce has thus far attracted over 35 million subscribers and practically 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 staff operations, together with Mercedes AMG, Ferrari, and Yas Warmth. Nicely established JV sub-brands, together with Lando Norris’ gaming and life-style model Quadrant, make up one other key facet 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 workplaces in Paris, New York, and Bahamas. GEM manages a various set of funding automobiles targeted on rising markets and has accomplished over 530 transactions in 72 nations. Every funding car 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, Non-public 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]