iGaming NEXT, a leading trade media and events company for the online gambling industry, has raised a seven-figure investment round to accelerate future growth and expansion.
The funding round was spearheaded by xace.io, an esteemed payments processing service, marking a significant milestone in iGaming NEXT’s expansion.
Xace founder and CEO David Hodkinson said: “We are thrilled to be investing in this exceptional company.
“The dedication and work ethic demonstrated by the iGaming NEXT team is truly remarkable and evident through their growth to date.
“We have no doubt they’re destined for great things, and we are delighted to be involved in their journey,” he added.
Alongside xace.io, new investors such as the M&A advisory firm RB Capital, the reputable fund happyhour.io and NeoGames president Tsachi Maimon made substantial contributions.
“It has become increasingly evident over the last few years that iGaming NEXT is positioned to become the next big media powerhouse within the iGaming industry,” said Maimon.
“Despite growing rapidly, they have always maintained an integrity-first approach, and I have always been excited to be a part of their events and media initiatives from day one.
“Now, I am proud to be a part of the team and the journey itself,” he added.
In addition, existing investors YOLO Group and PressEnter Group executive chairman Lahcene Merzoug reaffirmed their commitment to the iGaming NEXT mission by actively participating in the latest funding round.
This continued support signals vibrant prospects for the future, with iGaming NEXT Valletta 23 destined to kick off this week.
This fresh influx of capital will be channelled towards further expanding the reach of the iGaming NEXT product portfolio and brand.
The objective is to reinforce its position as the leading trade media publication in the iGaming industry, a sector noted for its dynamic and rapidly evolving landscape.
The company has its sights set on building a major media conglomerate within the iGaming industry and beyond.
Pierre Lindh, managing director of iGaming NEXT, said: “We’re extremely grateful for the faith our investors, both existing and new, have placed in us.
“This investment will not only help us to maintain our position in the industry but will also empower us to break new ground.
“We’re thrilled about the opportunities this presents and can’t wait to shape the future of media in the iGaming industry,” he added.
With the industry constantly transforming, iGaming NEXT has been dedicated to providing timely, accurate and influential content since its inception.
“We are excited to be backing a platform that is committed to journalistic excellence, innovation, and integrity at its core,” said happyhour.io co-founding partner Daniel Bradtke.
“This commitment is reflected not just in the high-quality, reliable information they offer, but also in the world-class events they organise.
“These events have proven themselves to be invaluable in connecting key players, fostering collaborations, and inspiring advancements within the iGaming industry,” he added.
The investment process was managed by RB Capital, the final confirmed investor for this round.
“It has been a pleasure to see the rise and rise of iGaming NEXT; we’ve been part of the fabric since their early days, and it is so proud to validate how far Pierre and the team have come” concluded Julian Buhagiar, co-founder of RB Capital.