Gaming News: Codeta completes €2.3m funding round
Live casino supplier will use additional cash to innovate its product offering and launch new marketing campaigns
Stockholm - May 9, 2017 (Investorideas.com Newswire) Live casino pioneer Codeta.com has completed its second major funding round, bolstering its cash reserves to the tune of €2.3m as the operator continues to strengthen its game portfolio and roll-out new marketing campaigns.
The funding round generated a large amount of interest from high profile investors from around the world, with half the total capital raised coming from Trention AB, which is listed on Nasdaq Stockholm.
Codeta will use the additional funds to invest in new products and technology to take the users experience to the next level, launch in new and exciting marketing campaigns and bolster its team with new hires.
Codeta CEO Edward Ihre, said: "We are delighted to have closed our second major funding round in under a year. It proves investor appetite remains high when it comes to the online casino sector, and that Codeta is an attractive proposition.
"In a short space of time we have carved out a name for ourselves as the go-to live table games operator in key European markets, and this injection of cash will allow us to take our product and brand to the next level."
William Heigard, CEO of Trention, said: "I am really excited by the opportunity to invest in Codeta and the team behind the brand. The live casino sector is very exciting, driven by creative and innovative operators such as Codeta.
"Codeta has already found success in the market, but remains very ambitious in terms of the product and experience it offers players and the regions in which it operates, and I am delighted to be a part of its future."
Closing of the funding round comes shortly after Codeta completely redesigned its logo and website to better represent its position as the market leader in live casino games, and to make the UX even more seamless, smooth and intuitive.
Codeta has carved out a name for itself as a pioneer and leader in live table games, but also has a selection of other table games and slots from NetEnt, Play'N'Go, Aristocrat, Novomatic, NextGen, Microgaming and others.
Its live dealer products are supplied by the likes of NetEnt, Authentic Gaming and Evolution Gaming.
The site is available on desktop, and has also been optimized for play on mobile and tablet devices, both Android and iOS.
For more information, please contact:
GameOn Marketing Ltd
Sarah Blackburn | Director | GameOn
Codeta.com is a Malta and UK-licensed online casino operator with a focus on live table games. The sleek and intuitive site is powered by EveryMatrix, and offers players an authentic, immersive experience like no other. Codeta was founded by Edward Ihre back in 2015, and employs some of the gambling industry's top innovators, designers, developers and marketers, who are all passionate about standing out from the crowd and delivering the best possible experience to players. The company has offices in Malta, Tel Aviv, London and Stockholm.
GameOn Marketing Limited
GameOn International Limited
GamingIndustryStocks.com - investing ideas in gaming stocks, gambling and casino stocks, game publishers and developers stocks
Like Gaming Stocks? View our Gaming Stocks Directory
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.