Veloce Media Group Secures $50 Million Investment Commitment from GEM Digital Limited to Fuel Growth

Veloce Media Group Secures $50 Million Investment Commitment from GEM Digital Limited to Fuel Growth

Veloce Media Group, a prominent gaming and sports media organization, announced a significant investment commitment of $50 million from GEM Digital Limited, a leading global digital asset investment firm. The investment aims to accelerate the growth of Veloce Media Group following its transition to Web3, marked by the launch of its new blockchain utility and governance token, VEXT.

Veloce Media Group encompasses Veloce Esports, an industry-leading gaming and racing platform, and Veloce Racing, a successful Extreme E racing team. With over 35 million subscribers and nearly one billion monthly views across various digital platforms such as YouTube and Twitch, Veloce has become the world’s largest racing gaming media network. The organization operates esports and gaming teams for prestigious brands like Mercedes AMG, Ferrari, McLaren, and Yas Heat. Additionally, it has established successful joint ventures, including Quadrant with Lando Norris, and continues to achieve victory with Veloce Elites.

The forthcoming introduction of VEXT will position Veloce as a prominent decentralized gaming and sports media organization, providing real utility to token holders through integrated games and offering tangible influence, benefits, and rewards across all of Veloce Media Group’s assets.

The partnership between Veloce Media Group and GEM Digital reflects a shared vision and mutual interests. GEM Digital is increasing its stake in the rapidly evolving landscape of sourcing, structuring, and investing in utility tokens within relevant and growing industries.

Daniel Bailey, Chief Commercial Officer of Veloce and CEO of Veloce Racing, expressed enthusiasm about the transaction, stating, “This is a very exciting transaction that comes soon after the announcement of VEXT and our plans to evolve our media and sports group into this truly innovative space, validating Veloce’s position as a pioneer in the industry.

The GEM commitment will allow us to focus on growth and expansion, acquiring more gaming and real-life racing properties, ultimately providing our vast community with further VEXT utility and influence.”

For GEM Digital, this investment aligns with its ambitions to collaborate with diverse organizations and promote businesses in emerging markets, while supporting sustainable and inclusive initiatives. The investment promises to create long-term opportunities for both parties.

About Veloce Media Group

Established in 2018, Veloce is a multi-pillared gaming and sports media group operating across innovative, fast-growing, and future-focused sectors in the UK.

Headquartered in London, Veloce comprises the industry-leading gaming and racing platform, Veloce Esports, and the successful racing team, Veloce Racing, which competes in the renowned Extreme E championship. With a focus on esports, gaming, purpose-driven motorsport, and Web3, Veloce has garnered over 35 million subscribers and nearly one billion monthly views, making it the world’s largest digital racing media network.

Veloce collaborates with high-profile teams globally and manages multiple gaming and esports team operations, including partnerships with Mercedes AMG, Ferrari, and Yas Heat. The organization’s vast global network also includes well-established JV sub-brands like Lando Norris’ gaming and lifestyle brand Quadrant.

To learn more, please visit: https://www.velocemediagroup.com/

About GEM Digital Limited

GEM Digital Limited is a digital asset investment firm based in The Bahamas. The company actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs worldwide. GEM, the parent company of GEM Digital, is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GGEM manages a diverse range of investment vehicles focused on emerging markets, having completed over 530 transactions in 72 countries.

The investment vehicles provide GEM and its partners exposure to various sectors, including small-mid cap management buyouts, private investments in public equities, and select venture investments.