Quvic was formerly sponsored by Bigfile and known as Bigfile Miracle. Their best placement was reaching the group stages of OGN Summer 2014.
After dropping out of OGN Summer their coach Lee Sung Eun created a post on funding21 (similar to kickstarter) to find additional financing to help his team. The Kickstarter succeeded and he was able to reach 175% of his goal.
Dropping out of the Challenger tournament was a big deciding factor in disbanding the team but if its possible Lee Sung Eun would like to continue a good environment for gamers who want to become professionals.
Source: Inven