fbpx

LiveScore Group Receives £50M Strategic Investment from Ringier AG

LiveScore Group, a London, UK-based media and technology company focused on real-time sports scores, received a £50M investment from Ringier AG.

The investment values LiveScore Group’s gaming and media business at £500m. Following the investment, Stilian Shishkov will join the Supervisory Board of LiveScore Group. Shishkov is currently Senior Partner of the Ringier Sports Media Group, as well as founder and CEO of Ringier`s Sportal Media Group in Bulgaria.

The company intends to use the funds to accelerate growth across key Central and Eastern European territories, a strength of Ringier’s sports media assets. 

Founded in 2019 by former Gamesys Chairman and co-founder Noel Hayden, and led by industry veteran Sam Sadi, LiveScore provides real-time sports scores or free-to-air live streams to its users across 200 territories, LiveScore Bet, a sportsbook offering customers in the UK, Ireland, and Netherlands, and Virgin Bet, which gives access to a huge range of betting markets across all the top sports, as well as the nation’s most popular casino products.

The Ringier Sports Media Group includes the sports brands of Sportal Media Group and Digital Ventures OOD in Bulgaria, Gazeta Sporturilor in Romania, Sportal.rs in Serbia and Pulse in Africa. The group`s portfolio is set to grow in the coming months through mergers and acquisitions as well as newly launched products.

LiveScore Group Receives £50M Strategic Investment from Ringier AG. Congratulations to the entire team. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business. For any rectifications, reach out to ashu@startuplanes.com

Tags

top