Malta-based venture capital fund Vereeni Investments has acquired a majority stake in Australian fantasy sports operator Moneyball.
Vereeni has made a seven-figure investment in Moneyball, which was one of the first daily fantasy sports operators to launch in Australia in 2015 under a license from the Northern Territory Racing Commission.
“Acquiring a stake in Moneyball adds another important and complementary asset to the Vereeni ecosystem,” said Vereeni Investments founder and CEO Timothy Heath. “Moneyball is already established as Australia’s number one daily fantasy sports platform, and we see huge potential for further growth, both in Australia and internationally.
“As an operator that has innovated from the outset, Moneyball is a perfect fit with Vereeni and we are excited to see what the future holds.”
Moneyball is the latest investment as part of Vereeni’s €100m ‘Level Up’ tech fund, which has invested in a number of companies involved in the iGaming sector, including Singular, Kalamba Games, OneTouch, Coolbet, Global Gaming, and The Games Company.
The DFS operator is also expanding internationally, with a growing presence in India, and expects to be live in the US and other markets in the near future.
“We are absolutely thrilled to have Vereeni Investments onboard,” said Moneyball co-founder and co-CEO James Fitzgerald. “Becoming a part of the Vereeni family positions us strongly for further growth, giving us access to unparalleled global reach and expertise within the gaming sector.
“Daily fantasy sports is still a massively underserviced sector with potential to grow much faster than the broader market. We have spent the last three years searching for a partner to help us deliver on this potential, and in Vereeni we have finally found one.”