Evos Esports

About Evos Esports

EVOS Esports is a prominent esports and entertainment organization rooted in Southeast Asia, established in August 2016 by co-founders Ivan Yeo, Wesley Yiu, Michael Wijaya, and Hartman Harris. The company began its journey by acquiring a Dota 2 team and has since expanded its footprint across the region, with a significant presence in Indonesia and Thailand.

The founding of EVOS was driven by Ivan Yeo's passion for gaming, particularly DOTA 1. Transitioning from a background in finance and investment management, Yeo channeled his business acumen and love for the competitive gaming scene into building the organization. His entrepreneurial journey also includes ventures in real estate and F&B before committing fully to esports. The organization's initial strategy was centered on growth across Southeast Asia, recognizing the region's fragmented yet opportunity-rich market.

EVOS operates a multi-faceted business model centered on professional esports teams, talent management, and merchandise. The company manages competitive rosters in popular mobile titles like Mobile Legends: Bang Bang and Free Fire, having secured world championship titles in both. Its revenue is generated through a combination of tournament winnings, sponsorships, advertising, and merchandise sales. EVOS has secured partnerships with major brands such as Lazada, Yamaha, and Visa. A significant part of its business is its talent management arm, WHIM, which manages hundreds of gaming influencers and content creators, brokering endorsement deals and amplifying brand reach.

The organization achieved notable financial milestones, raising $4.4 million in a Series A round in 2019 and a further $12 million in a Series B round in October 2020. These funding rounds, led by investors including Korea Investment Partners and Insignia Ventures Partners, have fueled its expansion, including the development of an integrated training facility in Southeast Asia. Beyond digital arenas, EVOS expanded into traditional sports by launching a basketball team, EVOS Thunder, in the Indonesian Basketball League (IBL), aiming to bridge the gap between esports and conventional sports audiences.