Mobile gaming platform provider Nektan has raised £7.1m to support US expansion and continued European growth.
The total comprises the issue of £4.7m of convertible loan notes, a placing of 1,044,774 placing shares and the intended drawdown of a further £0.6m.
David Gosen, Nektan CEO, stated: “The last six months have seen an acceleration in demand for our mobile, tablet and desktop gaming products and services, most notably with our landmark real-money gaming partnership announced with The Sun in the UK.
“In the US, our innovative and highly scalable in-venue casino products are gaining real traction with 18 contracts and/or letters of intent currently signed with US land-based casinos. The support from existing and new investors in this financing is a clear endorsement of our focused strategy.”
