Network Gaming raises £1.25m in funding round
Investors in Network Gaming include some big names in betting and igaming.
UK.- Network Gaming, a company that develops sports prediction games, has raised £1.25m in a funding round that included participation from some big names in the industry.
Betfair co-founder Andrew Black took part in the funding round, along with Colossus Bets CEO David O’Reilly and TX Odds CEO Einar Knobel. Other investors include Sandford Loudon, who’s a partner at the financial consultancy Oakside Capital, and Garry Otto, the Los Angeles-based angel investor who owns Sutton United FC.
Network Gaming plans to use the funds raised to continue its development of what it describes as “bespoke, socially responsible games”.
It says it targets specific audience requirements with an in-play social experience that compliments live sports. It has plans to expand on its current lineup of football, horse racing and golf titles with games for the 2022 FIFA World Cup, the National Football League (NFL), National Basketball Association (NBA) and Major League Baseball (MLB).
Black said: “I’ve felt for a while now that the betting landscape is ripe for change and I’m delighted to be working with Network Gaming on a few fresh ideas.”
Network Gaming CEO Harry Collins said: “We give customers the experience of a game, not just a bet. Moving up or down a leaderboard right until the final seconds of an event offers a different type of excitement to betting, one where enjoyment comes from competing against friends or other sports fans in a rollercoaster ride.”
He added: “We’re delighted to have an industry trailblazer like Andrew advising us on fresh ideas and to have the support of other experienced innovators for this step-change in Network Gaming’s evolution.”
Network Gaming works with The Sun’s fantasy football Dream Team, talkSPORT and Fitzdares. The latter integrated the company’s Fantasy Masters game for The Masters golf tournament.
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