Crowdfunding and crowdsourcing company GamCrowd, which focuses on the gambling industry, has signed an agreement with Centurion Solutions for the investment of up to £5m in start-ups on the GamCrowd platform.
Centurion represents some of the world’s largest professional sports and racing trading firms and the investment will come from funds provided by both Centurion and its clients.
Dennis Verrios of Centurion explained: “We are keen to help our clients take advantage of the current wave of innovation that the gambling industry is experiencing.
“We had previously invested in Fox Poker Club which [GamCrowd CEO] Chris North founded and ran, and we were delighted with the returns from that investment. We are keen to invest in GamCrowd if and when the company is looking for money, but we are also excited to invest in some of the most innovative start-ups in the gambling industry.
“We intend to build a portfolio which will hopefully include a few winners,” said Verrios.
GamCrowd CEO Chris North added: “I am very pleased to be working with Centurion again - they bring massive expertise as well as capital.
“That is what crowdfunding is all about; they would add great value as shareholders of any of our start-ups, particularly if they need technical or betting expertise.”
