Foxium Receives Investment Boost From Velo Partners

Published Saturday, October 07, 2017 - Online-Casinos.com
Foxium Receives Investment Boost From Velo Partners

Based in Tallinn, Estonia, with offices in Sweden, Foxium is a creative game production studio founded in 2015. Velo Partners evaluates and manages investing in all segments of the global gaming and gambling industry. A recent announcement has revealed that UK based Velo Partners will invest in the game development studio allowing Foxium to access to RNG Foundry’s team and network. The Velo team has a lot of industry experience as operators, investors and advisors for both online and terrestrial environments ranging from private to public companies.

Foxium games are made up of interesting stories and amazing graphics that have made the grade in the competitive world of online gambling. Foxium, which has offices in Estonia and Sweden, has produced a host of online gaming titles and has partnerships with major operators such as Bet365, Leo Vegas, Mr Green, Betsson and Bet Victor. The studio will now have access to the RNG Foundry, which, launched in association with Velo Partners, is a gaming accelerator that aims to both work with and fund entrepreneurial talent.

Chief executive officer of Foxium, Åke André, commented, “Foxium has in the past been approached by several investors but for one reason or another it has never felt right.

André continued, “With Velo Partners, we felt for the first time we had an investor that had the same values, culture and vision as we do.

“Through Velo Partners and the RNG Foundry, we are able to strengthen our company in some critical areas, specifically speed to market and distribution of our games.”

Programme director at RNG Foundry, Ashley Sandyford-Sykes, also said, “Foxium has all the ingredients for a successful games studio and we look forward to building world class casino games content for our distribution channels.” Sandyford-Sykes added, “Foxium illustrates the ability for dynamic, forward thinking studio that responds to market needs.”

 

 

 

 

 

 

 

 

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