Edinburgh- based start-up and daily fantasy sports (DFS) operator, Premier Punt has announced that it has concluded its crowdfunding campaign on leading crowdfunding platform, Seedrs.
The gambling and social gaming start-up was pleased to have hit its Seedrs venture target of £200,000 in funding which sees the firm give away 6.67% equity at a valuation of £2.8 million. Premier Punt further informed that the investment round carried out on Seedrs surpassed its initial venture funding target by £20,000.
John Gordon, CEO, and Founder of Premier Punt, commented on the campaign: “Premier Punt was made for the fans, by the fans which is why we felt crowdfunding fit in with our ethos. It meant friends, family, and our customers could join us in, what promises to be, an exciting and successful journey.
We started down this road in September last year so we are delighted to finally get over the line, with a lot of help from Seedrs, and now we can fully focus on the next step for the company. We have some exciting news on that front coming soon.”
The funds will be used to venture into overseas markets and further develop Premier Punt’s app/website.
Licensed by the UK Gambling Commission, Premier Punt has secured high coverage DFS partnerships with Southampton FC. The operator aims to bring innovation to the European betting market by combining social gaming dynamics with fantasy competitions.