GP Bullhound advises the mobile gaming sensation LeoVegas on its expansion capital round

GP Bullhound advises the mobile gaming sensation LeoVegas on its expansion capital round

GP Bullhound, the technology investment bank, has 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.

LeoVegas has proved to be a true mCommerce sensation. As the front runner in mobile casino gaming 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.

"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.

This represents the completion of GP Bullhound’s 19th transaction in the last twelve months and further reinforces our commitment to supporting the entrepreneurs and companies with great ideas.

About GP Bullhound

GP Bullhound, an international technology investment banking group with offices in London, San Francisco, Stockholm and Berlin, has served companies and their founders and investors since 1999.We provide world-class advice on mergers & acquisitions and private/public placement as well as research and asset management to a diverse range of corporate clients, institutional investors and high net worth individuals. We are industry experts, specialising in digital media, eCommerce, gaming, social, online marketing, application and infrastructure software, consumer devices, integrated technology, telecommunication, solar, water and energy efficiency. With a true love for entrepreneurship and innovation coupled with deep global buyer relations within Digital and Greentech, we have completed marquee transactions for many  igital leaders such as 192.com, Apertio, AudioAsics, Avito.ru, CLX Networks, Cramer Systems, Funcom, Fjord, Essence, Glasses Direct, Handbag.com, King.com, Lastminute.de, Player X, Nanoradio, Neonode, Newbay, Steelseries, The Cloud, and Tradedoubler. We have an international team of 35 experienced corporate financiers focused on the technology sector, and as a firm we have closed over 135 successful transactions since 1999.

About Leo Vegas

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. Like no other, LeoVegas has successfully combined the intuitiveness and playfulness in usability defined by mobile leaders with the gaming thrill of Vegas.