Minecraft founders start online casino portfolio with Casumo investment
Venture capitalist group has purchased £1.6m worth of shares in Casumo and plans further investment in established casino operators and affiliates
A group of Swedish investors dubbed A Group of Friends (AGOF) has acquired SEK 18m (£1.6m) worth of shares in Swedish casino operator Casumo and says it is hungry for further industry investment.
The venture capital group is looking to invest its SEK 260m (£23.2m) capital into established online casino operators, affiliates and the esports industry, Swedish newspaper Di reported.
AGOF founder Nicolai Chamizo told Di: “We will invest in a few companies that combine high growth profitability. We are not interested in small start-ups.
Casumo was named as Mobile Operator of the Year at last month’s EGR Nordics Awards.
Chamizo added: “We are currently evaluating three companies. I guess we will make another two to three investments in the first half [of 2018].”
On the group’s interest in Casumo, Chamizo said the operator was relatively mature within the industry and could be ready to launch an IPO in two or three years.
According to documents by the Swedish Companies Registration office the investor group’s roots can be traced back to the company that developed the mammoth gaming success Minecraft, which was acquired by Microsoft in 2014 for £1.6bn.
Casumo branding across the front of Wembley’s SSE Arena