DRX - About the company
DRX is an acquired company based in Seoul (South Korea), founded in 2019 by Choi Sangin. It operates as an Esports player organization. DRX has raised $10M in funding from investors like Shinhan Financial Group, Wonik and Seoul Investment Partners. The company has 260 active competitors, including 54 funded and 41 that have exited. Its top competitors include companies like FaZe Clan, Fnatic and Dignitas.
Company Details
Esports player organization. It offers a professional esports team and organization that provides training, management, and representation services to its team members, focusing on various esports games such as League of Legends and Valorant.
- Website
- en.drx.gg
- Social
- Email ID
- *****@drx.gg
Key Metrics
Founded Year
2019
Location
Seoul, South Korea
Stage
Acquired
Total Funding
$10M in 2 rounds
Latest Funding Round
Investors
Ranked
8th among 260 active competitors
Exit Details
Acquired by ATU Partners (Dec 23, 2019)
Legal entities associated with DRX
DRX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
DRX Co., Ltd. CIN: 352-88-01475 , South Korea, Active | Jul 08, 2019 | - | - | - |
DRX's acquisition details
DRX got acquired by ATU Partners on Dec 23, 2019 at an acquisition amount of $*****.
Click here to take a look at DRX's acquisition in detail
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DRX's funding and investors
DRX has raised a total funding of $10M over 2 rounds. Its first funding round was on Jul 16, 2020. Its latest funding round was a Series A round on Dec 01, 2022 for $*****. 1 investor participated in its latest round. DRX has 9 institutional investors.
Here is the list of recent funding rounds of DRX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 01, 2022 | 3552498 | Series A | 3144614 | 8270042 | 9947291 | 9294255 |
Jul 16, 2020 | 6300503 | Series A | 4083890 | 4602490 | 5268629 |
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DRX's founders and board of directors
Founder? Claim ProfileThe founders of DRX is Choi Sangin. Choi Sangin is the CEO of DRX.
Here are the details of DRX's key team members:
- Choi Sangin: Founder & CEO of DRX.
View details of DRX's Founder profiles and Board Members
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DRX's Competitors and alternates
Top competitors of DRX include FaZe Clan, Fnatic and Dignitas. Here is the list of Top 10 competitors of DRX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  FaZe Clan 2010, Los Angeles (United States), Acquired | Provider of esports teams, competitive gaming, entertainment, and lifestyle branded merchandise | $40M | 73/100 | |
2nd | Fnatic 2004, London (United Kingdom), Series B | Esports player organization | $72.2M | 61/100 | |
3rd |  Dignitas 2003, Newark (United States), Acquired | Esports player organization | $33.5M | 61/100 | |
4th | It operates a professional esports team and offers merchandise | $16.4M | 58/100 | ||
5th | Cloud9 2013, Los Angeles (United States), Series B | Esports player organization | $103M | 58/100 | |
6th |  Team Liquid 2000, Santa Monica (United States), Series B | Online eSports organization platform | $80M | 58/100 | |
7th | Misfits 2016, Miami (United States), Series C | Esports player organization | $35M | 56/100 | |
8th | DRX 2019, Seoul (South Korea), Acquired | Esports player organization | $10M | 54/100 | |
9th | Esports player organization | $34.2M | 50/100 | ||
10th |  100 Thieves 2017, Los Angeles (United States), Series C | Internet first brand offering multi-category casual wears for men and women | $95M | 48/100 |
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DRX's Investments and acquisitions
DRX has made no investments or acquisitions yet.
Reports related to DRX
Here is the latest report on DRX's sector:
News related to DRX
Media has covered DRX for a total of 2 events in the last 1 year, 1 of them has been about partnerships.
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Wemade announced a strategic investment in DRX, a esports companyPR Newswire•Dec 02, 2022•WeMade Entertainment, DRX
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Wemade partners with DRX, the champion of 2022 LoL World ChampionshipInvesting News•Nov 09, 2022•WeMade Entertainment, DRX
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Korea e-sports player DRX secures $22.5mAsian Venture Capital Journal•Jul 17, 2020•DRX, Seoul Investment Partners, Quantum Ventures Korea, Shinhan Financial Group and 2 others
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