Venture capital fund Vereeni Investments and investment and MA brokerage RB Capital has made a six-figure investment into Green Jade Games, which will see the two acquire a significant stake of the business.
The investment is expected to offer additional capital for Green Jade, but will also incorporate Green Jade into Vereeni’s network of gaming companies, supporting the supplier’s ongoing growth strategy.
Timothy John Heath, founder and CEO of Vereeni Investments, said: “Vereeni loves nothing more than investing in high-growth, high-potential gaming companies, and Green Jade really ticks all the boxes.
“Green Jade is led by experienced management that has the confidence, ability and creativity to push boundaries in our industry.
“We can already see from Green Jade’s content that this is a special team, and we are certain that the extra support we can provide will help them take things to the next level.”
Green Jade joins Global Gaming, OneTouch and Kalamba Games as a beneficiary of Vereeni’s €100 million ‘Level Up’ tech fund, which seeks to support early-stage ventures spanning the fields of fintech, online gaming, business intelligence, insuretech and blockchain verticals.
Julian Buhagiar, co-founder of RB Capital, said: “Working with Jesper, Ben and all the team at Green Jade is a truly exciting opportunity. The team is backed by some of the best investors in the business, and in just a few months they have built some of the best engaging IP in this industry.
“It’s a pleasure to be involved in such a unique business, and we are very confident about the long-term prospects for Green Jade.”
Benedict McDonagh, managing director of Green Jade Games, added: “As a relatively young company in this space, the only way we can succeed is by creating the type of game-changing casino content that operators simply cannot do without.
“We have accepted this investment from Vereeni and RB because it not only allows us to scale our growth, but also provides access to an unparalleled network of igaming expertise. We are absolutely delighted to be opening the next chapter in the Green Jade story alongside our investors.”