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Realtime Games Limited Signs Huge VC Deal
Realtime Games Limited, an online and mobile game development company based start-up venture based out of the UK, has announced the acquisition of $800,000 in capital investment.
The funding will be provided by Mercia Fund Managers, a venture capital funding known for making investment in promising eGaming and gambling companies and projects.
Realtime To Develop Fantasy Football App
Realtime will be using the money to develop its mobile fantasy football application. As fantasy sports have become increasingly popular, there has been more and more interest in tools being developed to maximize its potential for players and operators.
To this point, the app has placed a special emphasis on soccer matches. Given the sport’s popularity, that comes as little surprise. However, the belief is that there is also a huge and untapped market for other sports as well. To date, the app has a user base of more than one million players —making it a great place for investment in expanding horizons.
“Realtime Games [Limited] has not only built a popular soccer app with a loyal fan base but it has also created a platform that could be applied across a much wider range of sports,” said Mike Hayes, Mercia’s Head of Digital Entertainment
A New Gambling Market
New broadcasting technologies are bringing live sports to fans like never before. Millions of Canadians now enjoy the NHL and NFL from the comfort of their own home and in tandem with their mobile devices, without sacrificing any of the experience.
As these mobile consumption methods become more and more prolific and mainstream, we can expect to see increased investments in how to maximize their potential in the sports betting area as well.
“We’re very excited to be working with our funders to reshape the way millennial fans around the world consume live sport,” said Realtime Gaming’s Sohail Godall.