Startup Nexplay plans to raise more funds after appointment of new chief

Filipino technology startup Nexplay, an esports ecosystem firm, is aiming to raise more funds for the expansion of its business as it appointed a new president.

In a statement on Tuesday, Nexplay announced the appointment of business leader Miguel Bernas as the startup’s president and co-founder.

“We plan to raise more funds through a Series A round to further expand our gaming ecosystem and to venture into new growth areas. We will share more about this development soon,” said Bernas.

“Aside from further expanding our esports ecosystem, we also plan to venture into the high-growth area of Web3.0, NFTs (non-fungible tokens) and blockchain gaming. In the same way that games leaped from arcades to the home, from desktop devices to mobile handsets and from offline to online, blockchain technology will be the next revolution in gaming,” he added.

Nexplay said Bernas, a veteran executive who has 25 years of global media industry experience, will lead the company’s strategy and corporate governance, as well as spearhead fundraising as its moves towards its Series A investment round.

The company said Bernas has worked with big brands such as MTV, CNBC, Singapore’s Mediacorp, and digital media pioneer Yahoo! He has also led marketing teams in global and the Asia Pacific roles at Nokia, Singtel and PayPal.

“The games industry in the region and in the Philippines is at an inflection point,” said Bernas.

With Nexplay having seen its revenues grow at 150% year-on-year, Bernas said the company “is looking to bolster its esports ecosystem and enhance its professional esports teams and content creator offerings to brands and advertisers.”

Nexplay brands itself as “Southeast Asia’s premier esports ecosystem company” that also owns multiple esports teams including the popular Nexplay Evos. — VBL, GMA News