France-based esports organization Team Vitality has received a €20M ( $22.7M USD) investment from Indian technology entrepreneur Tej Kohli.

Vitality will use the funding for its League of Legends European Championship (LEC) entry fee, team facilities, and an expansion into Asia.

Vitality is the latest in an investment wave for LEC teams, following the acquisition of Origen by RFRSH Entertainment, and Splyce by OverActive Media.

Team Vitality’s latest investor is London-based Tej Kohli, who will back the esports team organization with €20M ($22.7M). According to the announcement, the funding will be used to build facilities including training and performance centres, as well as a flagship store and office.

In addition, the organization intends to expand its operations to China and Southeast Asia. As one of the team organizations competing in next year’s LEC as a longterm-partner, Vitality will also need to pay a €8M ($9M) franchise fee to Riot Games over the next few years. Vitality is the latest in an investment wave for LEC teams, following the acquisition of Origen by RFRSH Entertainment , and Splyce by OverActive Media.

Related Article: OverActive Media CEO on Acquiring Splyce and Seeking Further Franchises

“When you have a billionaire that invests in your company, he can reinvest if need be, which is not the same with a lot of investment groups that have limited resources,” Team Vitality CEO and co-founder Nicolas Maurer told The Esports Observer. “After investing €20M, not many of them are in the capability to put in €20M or €30M afterward to keep going on the investment. When you’re dealing with an investor like Tej Kohli, that possibility exists, and if down the road we have a big opportunity that requires investment, we will be very well positioned.”

Kohli is the current CEO of Ozone Real Estate Group, and a co-founder of Elegant Technology, Inc. In addition, he has invested in technology firms ranging from robotics to biotech, through a $100M fund called Rewired. He has recently earmarked €50M ($56.8M) to Rewired GG, an investment arm dedicated to esports.

“Great to enable another European Esports team for a global ambition by uniting Team Vitality’s and Tej Kohli’s unique DNA,” said Malte Barth, who advised Tej Kohli on this transaction.

Earlier this year, Team Vitality closed a €2.5M ($3.1M) funding round which featured Korelya Capital, Kima Ventures, and H26.

Team Vitality currently competes in eight titles, including Rocket League , Counter-Strike: Global Offensive , and Rainbow Six Siege. The organization boasts several non-endemic sponsors including Adidas, European telecom Orange, and Volvic mineral water. In addition, the organization runs the F1 Esports Series team “Renault Sport Team Vitality” in partnership with the motorsport division of Renault.