Mobius Interactive, an online esports entertainment and gaming company, has announced a five million share private placement at CA$0.40 per share to raise $2m.
A significant portion of the financing will be allocated for marketing campaigns into three of the biggest igaming markets in the world: India, Brazil and Mexico.
The igaming industry is experiencing unprecedented growth, with increased consumer demand being driven by technology as well as the ongoing lockdowns during the pandemic.
The global igaming market is expected to grow from its current value of US$60bn to more than $92bn by 2023 and the US market is predicted to reach $13bn by 2025, according to information from Statista and VIXIO.
“Mobius Interactive is confident that our commitment to product innovation and customer excellence will serve as a solid foundation for success in existing and new markets,” said Lynn Pearce, CEO of Mobius.
Currently, Mobius is operating in various markets throughout Europe and Scandinavia. Now, fans can place bets on their favourite leagues and teams through the Mobius sportsbook, along with a variety of igaming casino, live casino and esports options.
