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Sports Micro Betting Provider Kero Gaming Announces Oversubscribed $2M Funding Round led by Happyhour.io

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Kero Gaming announced today the closing of an oversubscribed $2 Million Seed 2 round, its second this year, with Happyhour.io, an early stage VC fund in the iGaming space, leading the round.

Tomash Devenishek, Founder and CEO, launched the company with a focus on providing the growing sports betting industry with new products to engage users through real-time, contextual micro bets, delivered via algorithms the company builds in-house. The Kero product heavily mirrors mechanics of casino style games with a ‘Tik-tok style’ betting experience whitelabeled for gaming operators that appeals to an audience of consumers looking for entertainment value vs risk trading.

“Modern day consumers don’t want to think too much and endlessly browse/calculate odds inside massive spreadsheets. They want instant gratification and low friction/effort type experiences. We are building a curated version of the sportsbook product that delivers contextual micro bets every 15-45 seconds, allowing users to bet on the most exciting thing that is happening in the game right now”.

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He added “We were able to surpass our fundraising ambitions thanks to great strategic partners all of whom add value beyond capital. I am also proud that in this tough market we increased our post-money valuation by 60% doing so in only 10 months.”

HappyHour’s CEO Robin Reed said, “Kero is at the forefront of innovation in sports betting, and has a deep understanding of the customer and how they want to be entertained. As a strategic investor and lead in the current round, Happyhour is looking forward to working with Tomash and his team to bring this technology to casual bettors around the world.”

Other strategic investors from the gaming space echoed the enthusiasm for the 30 person company. Tim Heath, GP at Yolo Investments, another participant in the latest round, said: “Finding genuine innovation in the sports betting space is increasingly difficult, and that’s why we’ve been so impressed by Kero Gaming. Micro Betting has the potential to drive sportsbook growth over the coming years, and Kero’s algorithmic approach sets them apart from the others. We’ll be working closely with Tomash and the team to take this product to new audiences globally.”

Edward King, co-founder of Acies Investments, an early investor in Kero, added “Tomash has consistently exceeded expectations from our first investment in Kero. We are very pleased to further support him in this financing round as he continues to build the platform. Kero has the vision and capability to radically transform how fans engage and participate in sports entertainment.”

Traditional sports book products typically offer customers a lot of choice with complicated arrays of odds on bets for outcomes that may not take place for hours or sometimes days. Kero’s approach borrows heavily from mainstream entertainment platforms such as TikTok by removing complexity and curating highly contextual micro bets on outcomes that may happen in seconds or minutes.

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The company initially productized its technology by working with pro sports teams across all American major leagues as a free to play fan engagement solution within their apps. Kero says that it will continue to focus on the free-to-play offering for pro sports while making heavy investments in scaling and growing its real money product for gaming operators.

Devenishek concluded “With this injection of capital and industry experience, we intend to continue focusing on our mission and bring about the next generation of sportsbook products even faster to markets like North America, Europe, LATAM and Asia”.

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Low6 appoints Ricardo Ruiz as Head of Technology bringing extensive gaming industry experience

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Low6, the award-winning free-to-play B2B gaming supplier for sports leagues, sportsbooks and iGaming operators, announced today the appointment of Ricardo Ruiz as Head of Technology. With a proven track record in the iGaming industry, Ruiz brings a wealth of expertise and leadership to his new role at Low6.

Ruiz joins from his most recent role as Chief Technology Officer at RAW iGaming where he led the charge on building innovative and highly entertaining slots and skill games for the gaming industry. He has also held prominent positions at Videoslots and African operator M-Bet Tanzania. Ruiz starts with immediate effect and is tasked with delivering innovation across Low6’s technology and gaming suite.

Commenting on his appointment, Ricardo Ruiz expressed his enthusiasm for the new role, stating: “I am thrilled to join the talented team at Low6 and to contribute to the company’s continued success in the free-to-play gaming sector. Low6 has demonstrated a commitment to innovation and excellence, and I look forward to leveraging my experience to drive technological advancements that will further elevate our offerings.”

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Low6 CEO Jamie Mitchell also expressed confidence in Ruiz’s capabilities, stating: “We are delighted to welcome Ricardo Ruiz to Low6 as our new Head of Technology. His extensive experience and proven leadership in gaming technology make him an invaluable addition to our team. With Ricardo at the helm of our technology department, we are poised to achieve new heights of innovation and deliver unparalleled gaming experiences to our clients and their customers.”

Ruiz’s appointment comes at an exciting time for Low6 as the company continues to expand its presence in the gaming market globally. With Ruiz’s expertise leading the technology division, Low6 is well-positioned to maintain its position as a leading provider of cutting-edge free-to-play gaming solutions.

The post Low6 appoints Ricardo Ruiz as Head of Technology bringing extensive gaming industry experience appeared first on European Gaming Industry News.

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Xtremepush agrees strategic partnership with Purple Square CX

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Collaboration serves to extend provider’s reach across Europe  

Xtremepush, the leading provider of CRM and loyalty marketing powered by AI, has formed a strategic technology partnership with customer experience specialist Purple Square CX.

The collaboration will see Purple Square CX offer Xtremepush’s market-leading customer engagement platform and real-time Customer Data Platform (CDP) to its European customers, which include leading operators from within the iGaming industry.

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Purple Square CX’s clients can now also benefit from Xtremepush’s groundbreaking new InfinityAI solution. Set to transform operational strategies across the iGaming sector through sophisticated marketing techniques, retention-boosting InfinityAI utilises adaptive AI technology to enable operators to create highly customised marketing models on the fly in response to emerging trends.

UK-based Purple Square CX is a customer experience advisory offering a diverse range of services aimed at enhancing customer interactions. Its expertise lies in three key areas – customer experience advice and strategy, marketing automation, and CDPs.

The latest partnership coincides with a significant period of commercial growth worldwide for Xtremepush, with high-profile operator partnerships concluded in LatAm, the US, the UK and Europe.

Tommy Kearns, CEO of Xtremepush, said: “We’re excited to be joining forces with Purple Square CX, increasing the number of potential customers we can serve with our unified customer engagement platform and real-time CDP.

“Purple Square CX is renowned as one of Europe’s leading customer experience specialists and in helping to deliver our solution to its big-name operator partners, we believe this is a partnership that will bear fruit for both parties.”

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Timothy Biddiscombe at Purple Square CX, said: “Our agnostic approach to technology means we are always looking for partnerships that will help to bring increased value to our customers. Xtremepush fits that bill perfectly.

“Xtremepush’s range of solutions, including its new InfinityAI technology, is very impressive. We look forward to working together to help to drive superior relationships between operators and their customers.”

The post Xtremepush agrees strategic partnership with Purple Square CX appeared first on European Gaming Industry News.

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Studio to shift up a gear with its own development and distribution platform as it sets its sights on new markets and more operator partnerships

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Fantasma Games, the studio that produces slots beyond gambling, has rolled out Xpand, a powerful Remote Game Server (RGS) to strengthen its relationship with operators and to drive forward with its ambitious growth plans.

The Fantasma Xpand provides the studio with many benefits, including continued operational excellence and deepening support for its operator partners in scaling their content offerings around the studio’s premium games and products.

It also allows the studio to take its product roadmap and game production to the next level facilitating even more innovation by making it easier to bring new concepts, mechanics and gameplay to the market while speeding up time to market for new and existing partners.

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The platform already comes with easy-to-use gamification tools and enables operators to quickly set up and manage player engagement activities such as prize drops, tournaments, missions and more.

Operators can take advantage of a standard API for integration, allowing Fantasma to strike and deploy new partnerships at scale and at speed.

Fantasma’s entire game portfolio is available via Xpand. This includes legacy titles such as Flower Fortune Megaways and its most recent releases like Shadow Summoner Elementals.

The launch of Fantasma Xpand is the next logical step in the studio’s development. It’s already built a reputation for producing thrilling content, often based on compelling narratives and with smart mechanics, to provide a unique player experience.

Armed with its RGS, Fantasma is now eyeing expansion into emerging markets such as Latin America and Africa having firmly established itself in Europe and the US.

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Fredrik Johansson, Founder and CEO of Fantasma Games, said: “This is a milestone moment for Fantasma Games, allowing us to form stronger operator partners while also giving us greater control over our development and distribution.

“We have incredibly ambitious growth plans, both in terms of our product roadmap and increasing our roster of operator partners in core markets across the world, and we will only be able to achieve this with our own RGS.

“Ultimately, it will allow us to develop better games and deliver these games to more operators in more markets than ever before via a smooth, seamless, direct integration.”

The post Studio to shift up a gear with its own development and distribution platform as it sets its sights on new markets and more operator partnerships appeared first on European Gaming Industry News.

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