Vereeni Investments Purchases 25% of Brazil Development Firm Caleta Gaming's Stakes

Vereeni Investments, a venture capital company from Malta, will further extend its global reach following a signed investment contract with Caleta Gaming, Brazil’s content development firm.

According to the of the penned deal, Vereeni will obtain 25% of Caleta stakes for which they will exchange a figure in area of “seven figures.” This comes soon after the launch of $100 million Level Up technology investment fund.

Ready to Take the Next Step

Founding partner of Vereeni Investments, Timothy John Health, made a comment on this agreement that instates new limits for the company:

“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.”

Caleta’s Sectors Bound to Grow

Vereeni officials went on to point out that Caleta – which is a multinational firm with offices in London, Florianopolis and Gibraltar – already has a very impressive portfolio containing performant games, such as China Charms, Fright Night and Magic Forest.

This relatively new casino content developer will gain access to “extensive industry expertise” with potential to grow into one of the gaming sector’s most important providers.

Caleta’s CEO, David Marcus, said…

…that Vereeni Investment’s team has an excellent track record of identification and growth of gaming businesses of this caliber. “So when we were approached by Tim and the team, it was an easy decision to make,” he confesses and adds:

“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.”

Vereeni has holdings in several brands in iGaming industry, business intelligence, software development, crypto and blockchain…

…and since launching the Level Up fund two years ago, they began strategic partnerships with companies such as OneTouch, Sherpa, Coolbet, Global Gaming, Hexagon, The Games Company, Kalamba Games, Puntaa and more.

An Awful Lot of Betting in Brazil

In April, the Brazil Senate brought sports betting one step closer when it ratified the MP 846 that seeks to regulate this vertical in South America’s biggest nation.

Marcos Oliveira, head of Business Development at Clever Advertising Group, said that like most European countries, Brazil’s main sport is football and has an enormous fan base of lower divisions that make Brazil one of the largest markets since content is almost “unlimited.”

However, the Bill is still not signed by President Jair Bolsonaro, who previously expressed his unfavorable stance towards any form of gambling.

Source:

“Vereeni grows global footprint via Caleta Investment”, .casinobeats.com, June 17, 2019.