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Voxbet attracts investment from industry heavyweights to accelerate growth

Voxbet, the creator of innovative software that lets clients talk or type their bets, has secured strategic funding from a powerful group of international investors, led by Matt Davey and Tom Waterhouse.

This key investment comes through Davey’s primary investment vehicle, Tekkorp Capital, alongside Waterhouse’s investment fund, Waterhouse VC. Tekkorp Capital also draws on the expertise and experience of two former senior executives of Fox Bet and William Hill, Robin Chhabra and Andy Clerkson.

Voxbet is a tech company that allows sports bettors to talk or type whatever they want from a sportsbook, whether it’s a bet, deal, or tip. This journey reflects what customers are already used to everywhere else online. Therefore, this financial validation from some of the industry’s most premonitory players is igniting a fire under Voxbet’s goal of transforming the user experience for sports bettors of every generation and territory.

The new funding will be used to drive Voxbet’s international growth, supporting the rapid development of its proprietary natural language technology, through voice and text services, and strengthening its product roadmap over the past 12 years. next months.

Davey is recognized as one of the industry’s most savvy investors and negotiators, having overseen more than ten mergers and acquisitions. Previously, he was CEO of SG Digital, the digital division of Scientific Games Corp. following a 2018 $ 631 million purchase by Scientific Games from NYX Gaming Group Ltd, where Davey was also CEO. Most recently, Davey’s SPAC, Tekkorp Digital, announced its $ 250 million IPO last October, with the goal of identifying a high-growth betting and gaming company to merge with.

Chhabra and Clerkson have also been at the forefront of business acquisition activities in the digital gaming landscape for more than a decade, defining progressive pathways around corporate strategy, mergers and acquisitions and acquisitions. large-scale successes.

Waterhouse founded Waterhouse VC in August 2019 to leverage the benefits of its 20+ years of industry experience. The fund has an exceptional team of investment expertise, as well as internal technical talent with previous operational experience in the industry. The fund invests globally in listed and private gaming and betting companies, with a particular focus on operators’ B2B providers. The team profiles companies that are agile enough to reach the top of operators’ product pipelines.

As a result, this massive consortium combines for unparalleled experience in building, investing and managing innovative digital businesses on a larger scale and at leading positions in the ever-evolving global gaming ecosystem.

Matt Davey, CEO of Tekkorp Capital, said: “At Tekkorp Capital, we provide a natural habitat for transformative and high-growth video game companies. We have observed the impressive development of Voxbet, but have been particularly impressed with their recent advancements in speech recognition and natural language processing, which gives them a head start in this rapidly changing industry. I expect them to continue to improve and consolidate their existing product offering for geographic expansion. These transformation steps are consistent with our own view of the catalytic power of technology in digital sports betting. “

Tom Waterhouse, CIO of Waterhouse VC, said: “The Waterhouse VC Fund aims to generate capital growth by holding long-term strategic investments in companies that can truly shape the future of the sports betting industry. Voxbet’s technology improves immediately and offers a drastic change in the user experience for international customers, so that their credentials jump off the page.

Jonathan Power, founder of Voxbet, added: “We are delighted to be accompanied on our trip by such excellent company. By leveraging their collective understanding and expertise, as well as a vast network of long-standing relationships, Voxbet is instantly better positioned to strategically identify and execute our next important steps. Team members have been involved in some of the industry’s most defining and educational transactions, invariably creating significant shareholder value in the process. Naturally, they bring a keen sense of advice beyond their respective investments.

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