LeoVegas has agreed to sell its 25% stake in the B2B iGaming venture, BeyondPlay, to Bettor Capital for €1.9 million. Currently finalizing its sale to MGM Resorts, Leo Vegas has been an early-stage investor in BeyondPlay (formerly SharedPlay) since the startup was founded in 2021.
Led by founder Karolina Pelc, BeyondPlay is a specialist developer of multiplayer components/tools for betting operators and game developers, helping to deliver new experiences for all customers.
The investment was made by LeoVentures, a venture capital subsidiary of LeoVegas, which called BeyondPlay a successful venture “delivering a 73% return on investment.”
LeoVegas CEO Gustaf Hagman said, “It has been truly amazing to see BeyondPlay grow from an idea to a leader in its niche industry over the past two years. Karolina Pelc and her team have done an impressive job, and I know they are just getting started”.
Acquiring a 25% stake in LeoVegas, New Jersey, Bettor Capital is an early stage venture capital firm focused on the real money online gaming industry, led by managing partner David VanEgmond.
“LeoVentures has been a fantastic acceleration partner for BeyondPlay, and we are grateful for their support from the early days to date,” explained Karolina Pelc. “We remain committed to a successful business partnership with LeoVegas Group and are excited about the next chapter in our journey”
“Looking forward, securing the backing of such a prominent venture capital firm as Bettor Capital, among other extremely significant strategic investors in the industry, as part of a larger fundraising effort, is a powerful statement on the trajectory of growth for our company. I look forward to announcing more details very soon,” added Pelc.
