Southeast Asian esports firm Ampverse has raised $12m (~£9.16m) from its Series A funding round. The funding will be used to acquire more esports teams as well as play-to-earn (P2E) guilds, according to a release. RELATED: Gillette teams up with 7Sea to launch $20,000 BGMI tournament In particular, the funds will be used to bolster Ampverse’s expansion in the Indonesian and Philippine markets. According to the release, the company’s move into the P2E space is expected to ‘complement’ its existing esports IP. Since Ampverse was founded in 2019, the company has acquired four esports entities, in…

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