Codeta completes €2.3m financing round

Codeta has raised an additional €2.3 million ($2.5 million) in its second major funding round.

The live casino specialist said the round generated interest from investors around the world, with half the total capital raised coming from Trention AB.

Codeta added that it intends to use the funds to enhance its game portfolio and roll out new marketing campaigns.

William Heigard, chief executive of Trention, said: “The live casino sector is very exciting, driven by creative and innovative operators such as Codeta.

“Codeta has already found success in the market, but remains very ambitious in terms of the product and experience it offers players and the regions in which it operates, and I am delighted to be a part of its future.”

Edward Ihre, chief executive of Codeta, added: “We are delighted to have closed our second major funding round in under a year; it proves investor appetite remains high when it comes to the online casino sector, and that Codeta is an attractive proposition.

“In a short space of time we have carved out a name for ourselves as the go-to live table games operator in key European markets, and this injection of cash will allow us to take our product and brand to the next level.”

Related article: http://www.igamingbusiness.com/news/codeta-completes-major-rebrand