Venture capital firm Vereeni Investments has agreed a deal to invest in Brazilian content development studio Caleta Gaming.

The agreement will see Vereeni take a 25 per cent holding in Caleta in exchange for a GBP seven-figure investment.

With offices in Brazil and London, Caleta Gaming is a new casino content developer that has built up a portfolio of games including China Charms, Fright Night and Magic Forest.

The investment from Vereeni will give Caleta access to extensive industry expertise as it looks to grow.

Timothy John Heath, founding partner, Vereeni Investments, said: “Vereeni Investments is always looking for businesses with fantastic teams and high-growth potential, and Caleta certainly ticks these boxes.

“Led by David Marcus and Fabiola Jaeger, Caleta has already established itself within the industry and is well-known for its innovative approach to technology and its world-class content. We are certain that with this investment, Caleta will be able to take the next step in its growth journey and become a major player in the provision of casino content.”

David Marcus, CEO, Caleta Gaming, said: “The team at Vereeni Investments has an absolutely superb record in identifying and growing gaming businesses like ours, so when we were approached by Tim and the team, it was an easy decision to make. This investment will help Caleta grow by doing even more of what we do best. Being a member of the Vereeni network is going to be of immense value to us.”