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Financing News

GeoComply

GeoComply secures minority investments from Blackstone and Atairos

Geolocation and compliance technology specialist GeoComply Solutions has reached a definitive agreement for minority investments by funds managed by Blackstone Growth and Atairos.

The partnership represents the first commitment of institutional capital to the company and will support GeoComply’s continued growth in its core markets and help accelerate expansion into new [...]

1 min read
Jumio

Jumio secures $150m investment to expand ID verification solutions

Identity verification specialist Jumio has secured $150m in funding from Boston-based private equity firm Great Hill Partners.

The investment will accelerate Jumio’s expansion in the digital identity space by providing additional resources to automate its identity verification solutions, expand the breadth of its KYX platform, and grow its suite of AML [...]

1 min read
Score Media and Gaming

Score Media and Gaming files for Nasdaq IPO

Toronto-listed Score Media and Gaming has filed with the US Securities and Exchange Commission to raise up to $183m in an initial public offering on Nasdaq.

The company plans to offer five million shares at $36.52 per share for a proposed offering amount of $182.6m, with net proceeds to be used [...]

1 min read

BetMakers secures $75m investment to expand B2B capabilities

Sydney-listed Betmakers Technology Group has secured a AUD$75m investment to accelerate its B2B sports betting strategy.

Betmakers has entered into an agreement with former Sportsbet and BetEasy founder Matt Tripp, who will assist the company with its B2B expansion and acquire $25m of new BetMakers shares.

In addition to potential opportunities for [...]

3 mins read

4ThePlayer.com secures seven-figure investment ahead of US expansion

London-based slot developer 4ThePlayer.com has completed a seven-figure funding round with a group of gaming industry executives as the company eyes expansion opportunities in the United States.

The company said the funding round will ensure that it can remain independent and develop and release further top performing and innovative player-centric games.

The [...]

2 mins read

Totalizator Sportowy sets up PLN100m fund for Polish start-ups

Poland’s state-owned National Lottery operator Totalizator Sportowy has joined forces with New York venture capital fund ff Venture Capital (ffVC) to establish a new fund to invest in tech and gaming start-ups.

With support from PFR Ventures and the National Center for Research and Development, the ffCV Tech and Gaming fund [...]

1 min read
LeoVegas

LeoVegas eyes bond issue to finance growth strategy

Stockholm-listed gaming operator LeoVegas is considering an unsecured bond issue to help finance growth and potential acquisitions.

LeoVegas said Friday that it has engaged SEB and Swedbank as joint bookrunners to explore the conditions to issue a senior unsecured bond with an expected value of SEK500m, with investor meeting set to [...]

2 mins read
Acroud

Acroud raises SEK75m to fund M&A strategy

Stockholm-listed iGaming affiliate Acroud has strengthened its financial position through a directed share issue, raising SEK75m (€7.4m) to fund future acquisitions.

The directed share issue of 35,294,118 shares was completed at a price of SEK2.55 per share, amounting to SEK90m in allocated demand.

Acroud recently completed the acquisition of a fast-growing sports [...]

1 min read
Rank Group

Rank Group strengthens balance sheet with £70m fundraise

London-listed gaming operator Rank Group has raised £70m through a successful fundraise with existing and new institutional investors.

A total of 76,736,762 shares were conditionally placed at an issue price of 90 pence per share, the company said Thursday, with retail investors subscribing for a total of 1,009,258 new ordinary shares [...]

1 min read
esports

PandaScore raises €5m to expand esports product portfolio

Paris-based esports data provider PandaScore has raised €5m in a new funding round led by FDJ’s venture capital fund.

PandaScore offers AI-powered statistics and odds to esports bookmakers, with the new funding earmarked to drive further expansion, including growing its teams in Paris and Malta and the range of esports covered.

The [...]

2 mins read
DraftKings

DraftKings predicts 97% revenue growth for Q3

New York-listed sports betting operator DraftKings expects to report a 97 per cent increase in third quarter revenue to between $131m and $133m.

The trading update accompanied the launch of DraftKings' underwritten public offering of 32m shares on Monday, half of which are being offered by DraftKings and the other half [...]

1 min read
Penn National Gaming

Penn National Gaming raises $982.1m to fund growth initiatives

New York-listed operator Penn National Gaming has raised proceeds of $982.1m after closing an underwritten public offering of 16.1m shares.

The offering includes 14.0m shares initially offered by the company and 2.1m shares issued pursuant to the option granted to the underwriters, which was fully exercised.

“This successful offering provides our company [...]

1 min read
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