The company Bragg Gaming has just received $8.7 million in funding from Lind Global Fund II, proving that they are on the right track and moving forward with their business plan!
Bragg Gaming has just closed a major funding deal with one of the most prestigious investors in America. The Lind Global Fund II guarantees $8+ million for our company, which will allow us to continue expanding and making improvements on what already works best!
Lind Global has provided Bragg with a much-needed funding injection, enabling it to execute its growth initiatives and expansion plans.
The funding agreement will only allow Bragg to convert 1/20 of their total funds per month.
Lind Global has been provided with a grant of authority to purchase upvalued shares at $7.07 per share for 60 months along side funding that will provide them into perpetuity!
Emphasizing the confidence demonstrated by Lind and we are excited about this opportunity that growth capital affords us all, Bragg CEO Yaniv Sherman said: “We highly appreciate their investment in our company as it signifies a new era for oursleves on top of them being one big family.
Bragg has a long history of success in the food industry and we are confident that they will be able to deliver on our strategic initiatives.
“We are excited to share our progress with you! As evidence of this, I’ll be brief. We have seen strong EBITDA growth due in large part from focusing on enhancing Bragg’s proprietary content development capabilities and expanding into new regulated iGaming markets like North America.”
Lind Partners is extremely excited about its investment in Bragg.
“This new partnership will allow us to partner closely with one of the most innovative and refreshing food companies on earth,” said Philip Valliere, Managing Director at Linder Associates (the firm behind this deal). “We’re looking forward not only investing more time into developing amazing products but also working hard for their success by bringing awareness within our industry through word-of mouth advertising campaigns that are sure make people think twice before eating something else.”
“Bragg is a company that has grown its gaming technology businesses and expanded to new key markets, all while remaining profitable. The team looks forward working with Brag’s management as it continues on this trend.”
It’s not surprising that Sherman was able to make an early impact as Bragg CEO, given his experience with 888 Holdings and this new funding.
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