Bit8 raises substantial investment
Bit8 has struck a deal with Rockridge Investments to add “significant extra value” to the gaming platform developer.
The seven-figure injection represents the first external investment in Bit8, and the company was advised by Olga Finkel of WH Partners during the process.
Founded in 2010, Bit8 had previously been entirely financed privately by investment angels and co-founders.
Angelo Dalli, Bit8’s chief executive officer, said: “Our vision for Bit8 is to create the industry’s most intelligent platform that gives operators a competitive edge with the use of artificial intelligence, superior bonus tools and a fresh approach towards backend solutions that impact the bottom line of operators positively.
“This investment round gives us additional resources that helps us implement this vision with a quicker time to market and allows us to be more flexible in launching new features that our clients want.”