LeoVegas announces it is selling its 25% stake in BeyondPlay, an iGaming business-to-business venture, for €1.9 million.
The buyer is one Bettor Capital, a venture capital firm founded by former FanDuel head of strategy David VanEgmond with a history of investment in gamling startups. The sale has led to LeoVegas’ investment arm, LeoVentures, make an impressive return on investment of no less than 73% in less than 24 months.
The BeyondPlay Story
Initially known as SharedPlay, BeyondPlay was founded by ex-LeoVegas exec Karolina Pelc in 2020. The company boasts an all-female executive team with Pelc as CEO, and has plans to transform solo gaming sessions into multiplayer experiences via streaming.
Earlier last year BeyondPlay managed to get a B2B Critical Supply License from the Malta Gaming Authority (MGA). Pelc says the company is also in the process of obtaining a license from the UK Gambling Commission (UKGC).