The Brazilian gaming and sports media company, PlayGreen, has been making waves since its founding in 2020. With a focus on disrupting the betting sector in Latin America, the company has been rapidly expanding its offerings and reaching new markets, including Ecuador.
Recently, PlayGreen announced a major achievement with the closing of a multi-million-dollar funding round. The company successfully raised $6 million in its latest round, which was led by Vice Ventures, a prominent venture capital fund.
This significant funding round is expected to fuel PlayGreen’s growth and development. The company has plans to enhance its offerings by introducing live-streaming capabilities and new features. Additionally, PlayGreen aims to capitalize on new opportunities and expand its presence in the sports betting vertical across Latin America.
In total, the company has raised $9.5 million, a testament to the confidence and support it has garnered from investors. Currently, PlayGreen boasts nearly 50 employees, but with its expansion in Ecuador, the company has expressed its intention to increase its workforce.
The betting sector in Latin America has been attracting attention from numerous companies due to the region’s passionate sports fans and their dedication to various teams and franchises. This favorable environment creates opportunities for betting operators to thrive in the market.
Vice Ventures’ general partner, Catharine Dockery, expressed her excitement about the recent funding round, highlighting the company’s enthusiasm to continue its partnership with PlayGreen and support its expansion. PlayGreen’s CEO, Nathan Dionne, also shared his excitement about the funding, emphasizing that it will drive the company’s expansion in Latin America and further shape its products. Dionne also expressed his enthusiasm for collaborating with Vice Ventures, a trusted partner with expertise in the global sports betting vertical.
Overall, the recent funding round has infused PlayGreen with optimism and energy as it looks towards the future and its continued growth and success in Latin America.