Gordium Inc recently made an announcement regarding its procurement of investment worth $4 Million in Series A round of funding. The funding is expected to support and develop Gordium’s proprietary fantasy sports platform, along with the procurement patents related to its gaming algorithms. Moreover, the same funding would facilitate Gordium’ efforts towards applying for Online Gaming and Sportsbook licensure globally, while putting it in direct competition with its biggest market rival, DraftKings Inc (DKNG).
It must be mentioned that the whole funding process was headed by private investors, Datta Holdings, a multifaceted holdings company under the ownership of well renowned Datta Family.
Varun Datta, who comes over as the chairman of Datta Holdings, further expressed his joy regarding the same deal. As per him, “Gordium Inc aspires to be a leading operator in Online Casinos, Sportsbook and Fantasy Sports globally; and we hope with the fragmentation observed within the industry, Gordium will quickly capture significant market share. With the multiples witnessed in the capital markets we aim to see Gordium as a multibillion-dollar company very soon”.
Speaking of Datta holdings, the firm is highly recognised for offering private equity advisory and corporate finance in various life sciences, digital and financial technology industries.
Presently, the company comes over as a limited partner/founder in 3 of the separately-managed funds at world-famous cities like New Delhi, Miami and London. It also holds direct investment in more than ten global firms and has further brought 2 of its major portfolio firms to IPO.
The firm currently has a dynamic management team that puts on its core efforts while reviewing potential corporate investments in sectors like life sciences, technology and high-end leisure.
It must be mentioned that the online gaming industry is growing manifolds since the past few years, and its revenue is expected to reach to $196 billion by the next two years.
Hence, this deal can be stated as the start of a new era in the online gaming domain, and we can expect it to reach greater heights in the coming times.
BACKGROUND
Gordium has put on a significant investment forward to develop its digital assets around the globe, further to include online casinos, gaming and fantasy sports. While holding a global user base of more than 20,000 users; Gordium subsidiaries are all geared up to become market leaders in the coming times.
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