GenG’s export organization, established in 2017 from the union of South Korean investors and American Silicon Valley, recently announced that it had raised $46 million from different sources through an investment round.
Among them also well-known figures from the overseas star system like Dennis Wong, NBA owner of the Los Angeles Clippers, and actor Will Smith. The Man in Black par excellence of Hollywood cinema is in fact among the creators of Dreamers Fund, an investment fund which includes, in addition to Will Smith, also the Japanese football player Keisuke Honda , ex Milan, Michael Zeisser , former investment manager of Alibaba in the United States, and David Rogier , co-founder of MasterClass, e-learning platform.
Smith and Honda, in particular, add to the already present Chris Bosh, former NBA basketball player, an advisor in the management of the players. Silicon Valley Bank, one of the leading GenG partners as confirmed by CEO Chris Park, and Stanford University are also key investors.
The details were not disclosed, as usually happens in these cases, but the organization has revealed the final destination of the fund: the main objectives are the launch of a plan dedicated to young talents, the opening of a business center in Los Angeles in the summer and the expansion of new titles and new competitive regions.
The GenG adventure began under the name of KSV, an acronym for Korea Silicon Valley: that is the globally transversal essence of the organization. At the moment the GenG are present on League of Legends, where they compete in the main Korean circuit of the LCK Champions, and on Overwatch, where they stamp the tag under the name of Seoul Dynasty in the Overwatch League.