Bragg Gaming Group, the Canadian business-to-business iGaming technology and content supplier, has announced that it has secured a funding agreement worth 8.7 million dollars with Lind Global, an investment fund managed by The Lind Partners.
Bragg Gaming revealed that it is going to use the money to strengthen its offering in order to support its cash flow growth. The Lind Partners is an institutional fund manager based in New York.
Speaking about the partnership, Yaniv Sherman, Chief Executive Officer of Bragg Gaming Group, said that Lind has “a tremendous record of success” in deals with growth companies and declared himself confident that Bragg will manage to fulfill its strategic initiatives.
Moreover, Yaniv Sherman pointed out that since the start of 2021 Bragg Gaming has been focusing on boosting its proprietary content development capabilities, while trying to expand into regulated iGaming markets such as Ontario and other North American jurisdictions.
Phillip Valliere, Managing Director of Lind Partners, acknowledged that Bragg Gaming has been growing rapidly in recent years and suggested that the Candian company is expected to enter new key markets “while continuing to drive profitability.”