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Investment from venture capital firm Yolo Investments will help Enteractive grow in key U.S., LatAm and Asian markets. The company is already said to have been granted entry into the lucrative US gaming market.
The total investment amounts to several million euros for a non-controlling interest equity stake. The purpose of the funding is to further boost Enteractive’s pace and capability to scale globally.
Yolo Investments was founded by entrepreneur Tim Heath to draw upon his experience across the gaming, fintech and blockchain spaces.
“We’re super excited about Yolo Investments joining the Enteractive family. Tim and his team have done a great job in challenging conventional thinking and pushing the industry forward with new ideas and a good portion of enthusiasm. We believe that we can further accelerate our already strong growth with their added knowledge and strong network.” said Mikael Hansson, Founder & CEO of Enteractive.
Tim Heath, GP of Yolo Investments, added: “We love businesses which find creative ways to add value for their partners, and that’s why Enteractive is such a natural fit for the Yolo Investments network. Retention and reactivation are challenges facing many of the companies we’ve already invested in, and we see significant opportunities to build synergies and help Enteractive develop into a global industry leader across many more markets.”
- Aaron Goldstein, Gambling911.com
