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Garena was established by Forrest Li in Singapore in 2009. [8] In 2010, Riot Games awarded the publishing rights of League of Legends (LoL) to Garena, for the game’s first launch in Southeast Asia. [9] In November 2011, Garena announced its publishing rights for the team-based shooter game, Firefall, in Southeast Asia and Taiwan. [10]
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Riot Games, Inc. is an American video game developer, publisher, and esports tournament organizer based in Los Angeles.It was founded in September 2006 by Brandon Beck and Marc Merrill to develop League of Legends and went on to develop several spin-off games and the unrelated first-person shooter game Valorant.
By 2014, Garena was valued at US$ 1 billion by The World Startup Report and was ranked as the largest internet company in Singapore by The Economist. [ 12 ] [ 13 ] In March 2015, the Ontario Teachers' Pension Plan (OTPP), one of the largest pension funds in the world, invested in Garena, increasing the value of the company to over US$2.5 billion.
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