Sports activities betting converse material provider ParlayBay has secured an additional €1.0m (£875,292/$1.1m) in funds for the length of a recent intervening time financing round.
ParlayBay mentioned it will most likely employ the money to make stronger its business hiss plans in 2023 – including the commence of its ParlayPowers promotional tools – and to proceed to develop its network of possibilities across the enviornment.
This One year, ParlayBay closed affords with operators including TipoBet365, TOPsport and Hub88, while most currently it signed an agreement with 7bet, with the operator to change into the predominant to encompass ParlayBay’s true-money gaming suite.
As well to, earlier this month, igaming inclined and Yggdrasil founder Fredrik Elmqvist joined the ParlayBay board of directors.
“We’re in actuality cushty to possess raised a substantial quantity in our most latest funding round, notably given the latest tense climate,” ParlayBay chief govt Patrick Nordwall mentioned.
“Fredrik joining our board is an unprecedented addition as we ramp up our hiss going into 2023. We’ve had a extremely recommended One year and the money raised supplies us the chance to pressure issues ahead even sooner.”
Elmqvist added: “It’s a extremely inspiring time to possess joined ParlayBay and I’m looking at for seeing what the lengthy bustle holds. In precisely over a One year, the corporate has confirmed to be a pioneer that areas product innovation at the forefront of its technique.
“Raising €1.0m in these powerful times is a signal of strength and that we are successfully positioned within the market.”
