About the Client
LeoVegas owns and operates LeoVegas.com – a leader in the mobile casino gaming space. With its mobile DNA the Company has developed extremely successfully since its launch in Sweden in January 2012. LeoVegas has grown from zero in January 2012 to now generating over €1 million in weekly deposits. The company has become the leading mobile casino gaming operator with a unique edge based on its superior user interface, technology team and dedicated focus on innovation on the mobile platform. Like no other, LeoVegas has successfully combined the intuitiveness and playfulness in usability defined by mobile leaders with the gaming thrill of Vegas.
About the Deal
GP Bullhound acted as the exclusive financial advisor to LeoVegas, a category leader in mobile casino gaming, on its expansion financing round. The round saw participation from new as well as existing investors and included a number of Super Angels with a broad background within technology investing. This round of financing will enable the Company to accelerate the European roll-out of its offering while also cementing its leadership position in the Nordic region.
“At GP Bullhound we are passionate about entrepreneurship. With LeoVegas, it is a pleasure to be both an acting advisor as well as an investor to such a tremendous founding management team. I expect this will not be the last announcement on LeoVegas that we make”, says GP Bullhound’s Managing Partner Per Roman.