Canada
Vanta Announces $2.5MM Oversubscribed Seed Round to Create a Safer, More Development Focused Scholastic Esports Environment
Vanta, the premiere K-12 esports organization in the US, raised over $2.5 million in an oversubscribed funding round, bringing their total amount raised to over $3.3 million. The funds will be used to expand access to Vanta’s free K-12 leagues in the US, further develop their COPPA compliant esports platform, and expand their esports coaching offerings.
Led by Scout Ventures, the seed round saw participation from J Ventures, Veteran Ventures Capital, and Trajectory Capital, with additional contributions from Blue Ventures, GTM Fund, Paul Lasiuk, the Hart Family, the Rifkin Family, and several angels.
Vanta launched in 2020 with four co-founders; Patrick Cronin, James Roche, Zack Fabi, and Ed Lallier. The founders set out to eliminate the rampant cyberbullying problem in gaming. They identified this issue as a symptom of larger systemic issues in the gaming space. Since then, Vanta has evolved its offerings to providing scholastic esports teams with the infrastructure and tools they need to start, grow, and develop their programs into successful and transformational experiences for K-12 esports student-athletes. Vanta’s business took off in 2022 after launching free-to-compete leagues, securing several deals with state and national associations, including becoming the official esports sponsor of the University Interscholastic League of Texas (UIL), as well as partnerships with the Georgia Association of Private and Parochial Schools (GAPPS), Miami-Dade County Public Schools, and the Association of Middle Level Educators (AMLE), among others.
Vanta continues to set itself apart from other organizations in the way it has built its business, products, and customer base through its principles-first, mission based approach.
“We see gaming and esports as one of the main digital battlegrounds for youth mental health, cyberbullying, and behavior normalization in kids. As an industry and as a society, we have reached an important crossroads; either esports will become the largest contributor to these problems if current industry practices continue, or we can get the esports train back on track and turn it into one of the most important and powerful tools for positive social-emotional development in kids,” says Patrick Cronin, CEO and co-founder of Vanta, “The reality is, venture backed companies have made a bad name for themselves in this space, and we are here to show schools that it’s not the source of your funding that matters, but rather, the presence of a greater purpose beyond profit.”
Vanta offers one of the safest platforms in the market that allows schools to compete in free leagues and access coaching services from their scores of professionally trained esports coaches.
Coaching services offered include team-based coaching and a new private coaching offering for one-on-one sessions.
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Relax Gaming, the iGaming aggregator and supplier of unique content, has significantly enhanced its presence in the Ontario market through an agreement with leading Canadian operator, PointsBet.
This partnership reinforces Relax Gaming’s aim to become a standout provider across North America, having already gained early success in Ontario. Relax became one of the first suppliers to deliver content to the region’s players in March 2022, debuting with over 120 games across multiple operators.
PointsBet pride themselves as one of Canada’s leading operators offering unmatched speed, ease of use, and a comprehensive array of pre-game and in-play sports betting options. This is complemented by a top-tier online casino which will now be boosted with the integration of Relax’s portfolio of slots and live dealer options.
With its authentic Canadian approach, PointsBet prioritises technology that minimises external dependencies to maintain control over its platform and has a commitment to responsible gambling best practices, ensuring a safe and secure environment for all players.
Martin Stålros, CEO at Relax Gaming, said: “Since we launched in Ontario we have enjoyed tremendous success, with our content hitting the sweet spot for the broad range of players in the Canadian province. This partnership with PointsBet will strengthen our presence in the market as the region’s leading operator integrates our rich content portfolio which will engage its player base.”
Scott Vanderwel, Chief Executive Officer at PointsBet, added: “Relax Gaming has established a strong reputation across North America and in Ontario in particular. The impressive range of content that will be integrated into our platform will increase engagement within our online platform and we are delighted to be able to provide more immersive experiences to our audiences.”
Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.
Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
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