News
Europe gets new “unicorn” – LeoVegas reaches billion dollar valuation
GP Bullhound can now confirm that Sweden has gained a new tech “unicorn”, as the mobile gaming group LeoVegas – which GP Bullhound has supported from the onset, both as an investor and adviser – has now achieved unicorn status with a valuation of over USD 1 billion.
Swedish company LeoVegas AB (publ) is listed on Nasdaq First North Premier and was established in 2011 by entrepreneurs Gustaf Hagman and Robin Ramm-Ericson. Since the start, operations have been characterised by award-winning innovation and strong growth.
Of Europe’s 57 tech unicorns, Sweden – together with the UK and Germany – is at the top and can boast unicorns such as Spotify, Avito, King, Klarna, and now LeoVegas.
From its beginning, the mobile gaming group LeoVegas has been at the forefront of technical development in gaming. In just over five years LeoVegas has grown from zero customers and an entirely unknown brand to one of the leading e-gaming companies in Europe. LeoVegas was introduced on Nasdaq First North Premier in March 2016 in an IPO that was oversubscribed several times over and has now passed the USD 1 billion valuation mark.
Per Roman, Managing Partner of GP Bullhound, comments: “LeoVegas’ billion-dollar valuation can be credited to its two devoted founders and their laser-sharp vision on mobile gaming. It is a success story far beyond the ordinary in which GP Bullhound has participated since the start in 2012. As an early investor in the business and as an advisor we are very proud to have been part of this journey that has made the company the leading player in the European gaming industry.”
“With a compelling tech focus, great player experience and a fantastic team, LeoVegas has been on an incredibly exciting journey,” say Gustaf Hagman and Robin Ramm-Ericson, the company’s two co-founders and the entrepreneurs behind LeoVegas. “And it is a journey that has only just begun! Through our vision – ‘leading the way into the mobile future’ – we are taking new steps and striving to accelerate our development through the technical solutions that are leading the way in 2017, such as AI and machine learning.”
“We started LeoVegas with the conviction that mobile devices would rapidly transform the entertainment world, and our goal was that LeoVegas would lead this change,” say the founder pair Gustaf Hagman and Robin Ramm-Ericson. “But creating a unicorn requires more than just good analysis. It is just as much a team effort, and we truly want to give credit to our great employees, partners and investors – such as GP Bullhound – who dared to believe in us at an early stage.”
Affiliate Announcements
Statutory levy affiliate reaction
“I personally think the industry should view this as a positive chance to work hand-in-hand with the NHS, charities and government as all stakeholders pull together to minimise gambling harm. Gambling is meant to be fun and entertaining and the industry must ensure that it is responsible, so that those in need can gain access to properly funded support as and when they need it.”
Affiliate Compliance
Rightlander and RavenTrack Partner to Boost Affiliate Marketing Compliance and Advertising Opportunities
Leading iGaming compliance and tracking platforms unite to bolster affiliate marketing integrity.
Rightlander, a leading provider of marketing compliance and intelligence solutions, has announced a strategic partnership with RavenTrack, a prominent affiliate tracking platform. This collaboration aims to enhance marketing compliance and risk management for Raven Track clients and help identify untapped advertising opportunities with affiliates across global markets.
The partnership will offer access to Rightlander’s comprehensive suite of innovative marketing compliance solutions, including web, search, and social media monitoring to track affiliate promotional activities, content compliance scanning to ensure adherence to regulatory requirements and monitoring services.
RavenTrack’s diverse client base spans established and emerging markets, and this partnership addresses the growing need for robust compliance measures in regions with evolving regulatory landscapes.
Sarafina Wolde Gabriel, CEO of Rightlander, commented on the partnership: “We’re excited to partner with RavenTrack to offer our cutting-edge compliance and marketing solutions to their global client base. As marketing regulations tighten in established and emerging markets, our tools will help brands and affiliates navigate the complex landscape of marketing compliance and capitalise on advertising opportunities.”
RavenTrack is a leading affiliate tracking platform specialising in providing advanced tracking and analytics solutions to help brands optimise their affiliate marketing programs. Its client base includes prominent brands such as Jumpman Gaming, Betfred, Bet9ja, and Mr. Q, to name a few.
Adam Rowley, RavenTrack’s Managing Director, expressed enthusiasm about the partnership: “At RavenTrack, we understand the critical importance of marketing compliance. Our collaboration with Rightlander represents a significant step forward in our mission to provide our clients with robust, innovative and effective tools for managing their affiliate programs.”
“By integrating Rightlander’s advanced compliance solutions with our cutting-edge tracking platform, we’re empowering our clients to navigate the complex regulatory landscape with confidence while maximising their marketing potential.”
This partnership represents a significant step forward in promoting responsible and compliant marketing practices in the rapidly evolving affiliate marketing industry. By combining RavenTrack’s expertise in affiliate tracking with Rightlander’s advanced compliance tools, the collaboration aims to set new standards for transparency and regulatory adherence in the sector.
Affiliate Announcements
Raise your Game with BoostBox by MyAffiliates: a new AI-Driven must-have iGaming Affiliate ace, for instant wins and real results
Jackpots just got closer for iGaming affiliate marketers with the launch of BoostBox by MyAffiliates — a new AI-driven tool designed to unlock new levels of affiliate potential. With a simple touch of a button iGaming affiliate partners can now access:
- Instant Updates: up-to-date product and promotional information
- Increased Productivity: easy access to brand resources, whilst reducing support queries by up to 40%
- Streamlined Research: brand and product information in an instant
- Quality Content: resources to produce consistent, on-brand promotional content
Boostbox by MyAffiliates is not just a game-changing upgrade — it’s a leap forward in affiliate marketing, setting a new standard in the industry for speed, relevance, impact and results.
iGaming affiliate marketing has long faced recurring obstacles that impact performance potential – delays in accessing information, time-consuming research, content inconsistencies, and resource limitations. BoostBox by MyAffiliates is an innovative AI-driven solution to these challenges, enabling affiliates to stay competitive and focused, taking results to a new level.
Clemence Dujardin, Group CEO at MyAffiliates, “BoostBox is redefining iGaming affiliate support and is the ultimate affiliate marketing solution. By maximising the capabilities of AI to bring real-time information to affiliate partners, programmes and content are guaranteed to be as impactful and as engaging as possible. MyAffiliates is at the forefront of affiliate marketing, and using the latest technology to launch BoostBox today, our users can enjoy the very best available affiliate marketing experience and strengthen their potential overnight.”
Roo Wright, Founder of BoostBox added, “Having built a number of affiliate businesses over my 18 years in the industry, I know firsthand the challenges affiliates face. BoostBox was born from that experience, and our partnership with MyAffiliates will help take affiliate marketing to the next level.”
MyAffiliates has long been a powerhouse in affiliate marketing software, empowering iGaming operators to bring all their brands and products together under one seamless affiliate system. Since its launch in 2007, MyAffiliates has set the standard in the industry, becoming the go-to platform for iGaming operators. In fact, StatsDrone recognised MyAffiliates in April 2024 as the most-used affiliate marketing software in the gaming industry—solidifying its role as a trusted leader and innovator in the space.