Geolocation specialist Xpoint has announced a fresh investment round led by existing investor Bettor Capital.
The capital will help the company accelerate product development and expand its product and engineering teams.
“This new funding lands at the perfect time for our growth,” said Manu Gambhir, CEO of Xpoint. “We’re scaling up our teams to ship a wave of new capabilities that help operators defeat location spoofing, streamline compliance, and convert more good users – without compromising on precision, scale, or speed.”
Xpoint’s recent deals include deployments with brands such as bet365 and PrizePicks in North America.
Xpoint is also live with clients in Brazil and the United Arab Emirates, including the UAE Lottery and Play971, the first regulated online gaming and sports betting entity in the UAE.
“We are delighted to significantly increase our commitment to Xpoint to accelerate product development and deployment,” said Bettor Capital founder and managing partner David VanEgmond.
“In this industry, robust regulatory and compliance technology is absolutely essential, and Xpoint has proven to consistently deliver substantial value to a growing roster of real-money online gaming operators.”
New Jersey–based Bettor Capital was among Xpoint’s first institutional backers and has increased its investment over time.