Codeta moves to the ‘next level’ completing €2.3 million funding round

Edward Ihre

Updating the market, Live Casino focused operator Codeta (Codeta.com) has confirmed that it has secured its second major round of venture funding, gaining an investment of €2.3 million (£2 million).

Codeta management informs that the funding capital will be used to strengthen its internal resources and roll-out new marketing campaigns within key operational markets.

The company detailed that half of the capital raised was contributed by Nasdaq Stockholm firm Trention AB, with Codeta gaining additional venture support from a number of high-profile investors.

Completing the funding round Codeta CEO Edward Ihre, said: “We are delighted to have closed our second major funding round in under a year. It proves investor appetite remains high when it comes to the online casino sector, and that Codeta is an attractive proposition.

“In a short space of time we have carved out a name for ourselves as the go-to live table games operator in key European markets, and this injection of cash will allow us to take our product and brand to the next level.”

As an investor in Codeta entreprise William Heigard, CEO of Trention, said: “I am really excited by the opportunity to invest in Codeta and the team behind the brand. The live casino sector is very exciting, driven by creative and innovative operators such as Codeta.

“Codeta has already found success in the market, but remains very ambitious in terms of the product and experience it offers players and the regions in which it operates, and I am delighted to be a part of its future.”