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Gaming

Major investment in Singular by Vereeni Investments initiates new projects and expansion plans

Tuesday 18 de December 2018 / 13:47

2 minutos de lectura

(Malta).- Venture capital fund, Vereeni Investments, has announced a major investment deal in Singular, a multiple award-nominated end-to-end platform and iGaming software solutions provider.

Major investment in Singular by Vereeni Investments initiates new projects and expansion plans

Vereeni Investments has acquired 20% of the company for an initial consideration of €5 million, with the potential for this to increase after 13 months based on future performance.


The decision to invest comes after a thorough search for an innovative company within the online betting industry. Singular’s potential for exponential growth is set to further boost Vereeni’s portfolio, while Singular stands to benefit from the wealth of shared knowledge and experience within Vereeni’s existing investment ecosystem.


Singular joins Vereeni Investments’ newly unveiled €100 million tech fund ‘Level Up’, along with a host of promising international early stage ventures within the fintech, media, iGaming, business intelligence, software development, crypto and blockchain verticals.


Vereeni’s curated investment ecosystem opens further expansion opportunities for Singular, as well as opportunities for additional operational investments that will be fuelled by the provider’s unique technology.


Singular offers a full range of products across all verticals, including a comprehensive gaming platform, sportsbook, games, retail and omni-channel solutions.


The company upgrades its products through a continuous release of new features, always staying one step ahead of the industry. This consistent drive for development substantially influenced Vereeni Investments’ decision to pursue its investment in Singular.


Timothy John Heath, Founding Partner, Vereeni Investments, said: “We’re delighted to partner with and help to further develop Singular. Their approach to continual business development and commitment to being innovators within their field makes them a perfect fit for our diverse investment ecosystem.


“Singular’s extensive software solutions offer significant value to our portfolio, which has already begun strengthening their position with the experience, network and tools freely available within ‘Level Up’.”


“Vereeni Investments has vast experience of investing in up-and-coming opportunities through acquisitions, joint ventures or the development of operations. The venture capital fund strives to accelerate the potential of each investment by utilising the portfolio’s united insights, network and access to strategic capital. All companies involved with the fund share a commonality of proven success and a reputation as innovators within their respective fields,” Heath added.


Darko Gacov, Chairman of the Board of Directors, Singular, said: “We are more than pleased to welcome a new shareholding partner with such a strong investment network and expertise in the industry. What makes this partnership such a good fit is the substantial experience both companies have in complementary fields.


“The partnership has the potential to further expand Singular’s presence, not only geographically, but also in new industry directions. As a result of this partnership we are already looking at three major new clients in different regions that will be powered by Singular’s technology.

Categoría:Gaming

Tags: Casino Online, Sportsbook , Casino Games,

País: Malta

Event

PGS, Perú Gaming Show 2024

12 de June 2024

Gambling regulation in Peru: evolution towards stability and legal certainty

(Lima, Exclusive SoloAzar) - From the repeal of the 20% tax by the Constitutional Court to the implementation of the Reorganisation and Formalisation Law, the regulation of gambling in Peru has undergone multiple changes. In this article, SoloAzar summarises the presentation by Dr. Constante Traverso, lawyer and head of APEJA, during the PGS, who underlines the need for a stable and fair public policy.

Wednesday 19 Jun 2024 / 12:00

Win Systems concludes a successful participation in Peru Gaming Show 2024

(Barcelona).- Win Systems, a leading technology provider for the gaming and entertainment industry, celebrates a successful participation in the recent edition of the Peru Gaming Show (PGS), which took place on June 12th and 13th at the Jockey Convention Center in Lima, Peru. The event was a perfect platform to showcase the company’s innovative solutions and cutting-edge products, specifically designed for the Peruvian market.

Wednesday 19 Jun 2024 / 12:00

The impact of AI on marketing campaigns, a featured topic at PGS 2024 conferences

(Lima, SoloAzar Exclusive).- Rony Vexelman, Marketing Manager of Optimove, presented the conference “Maximizing AI, the evolution of roles in iGaming”, within PGS event, held last week in Peru. From SoloAzar we share the highlights of the talk that shows how AI impacts online gaming and sports betting marketing campaigns.

Tuesday 18 Jun 2024 / 12:00

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