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Vereeni acquires stake in betting app developer Flax Innovations

14th May 2019 7:27 am GMT

Malta-based venture capital fund Vereeni Investments has acquired an equity stake in Stockholm-based sports betting app developer Flax Innovations.

The deal will see Vereeni make an initial six-figure investment in Flax in return for “significant” equity in the business.

Founded in 2017 by Björn Nilsson, Daniel Svenson and Stefan Thunberg, Flax recently launched Triggy, an app that provides live scores and betting odds to customers of LeoVegas and Sportsbet.io.

The app helps operators engage players and increase revenue via relevant [...]

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