Vereeni Investments, Venture capital fund has decided to invest in Singular, one of the most respected end-to-end platforms and iGaming software solution providers. Vereeni Investments have already obtained 20% of this corporation for an initial consideration of €5 million. Based on the performance in the future, this can be increased after approximately thirteen months.
What Caused Them to Do This?
This corporation needed a company within the online betting industry that is stable, creative and innovative. After a detailed exploration, they have come to the realization that Singular is the perfect choice!
Why?
Well, that’s because they are a firm with a huge potential, that can be expected to grow even more. Furthermore, they can enhance the portfolio of Vereeni. On the other hand, the experience, strength and knowledge that Vereeni possess is going to drastically benefit Singular.
Singular joins Vereeni Investments’s freshly unveiled €100 million tech fund “Level Up,” along with prosperous world-wide embarks with the media, iGaming, fintech, business intelligence, crypto, blockchain verticals and software development.
Stronger Together:
Even though we already spoke about the mutual benefits both of these companies will experience after this business move, it’s worth mentioning some additional reasons these two should stick together.
Namely, Vereeni’s curated investment ecosystem will not only help Singular grow and expand, but it will also give other fruitful opportunities for operational investments. Besides, Singular is equipped with a wide range of products across all verticals, meaning sportsbook, a comprehensive gaming platform, various games and retail and omni-channel solutions.
They are continuously working on their products and development therefore, they are always the leaders in the gaming industry.
Timothy John Heath, Founding Partner, Vereeni Investments talked about this topic and 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.”
Additionally, Darko Gacov, Chairman of the Board of Directors, Singular stated that his company is very satisfied with this cooperation because they are aware of their professionality, experience and stability in every way.
Source: “Major Investment In Singular By Vereeni Investments Initiates New Projects And Expansion Plans” https://europeangaming.eu/portal/press-releases/2018/12/18/35125/major-investment-in-singular-by-vereeni-investments-initiates-new-projects-and-expansion-plans/. European Gaming. December 18, 2018.
Comment: Wow, I wasn’t expecting for this to happen, but I guess that’s because I am not as familiar with this whole business world as I am supposed to be.
