Did you know you can earn CLchips to spend in our shop just by posting in our forums?

ParlayBay Gets Funding Round

20 December 2022 by Dustin Jermalowicz

This story was published more than 1 year ago.

Sportsbetting group ParlayBay has announced that they've obtained €1 million in investment funding during the company's latest round of investor financing.

The company said that they're going to be using the money to help the company make it through the upcoming year, as it is planning to expand supply agreements and work in its promotional tool ParlayPowers. The group has partnered with the likes of Hub88, TipoBet365, and others, and recently signed an agreement with 7bet.

The company also recently announced that they've added Fredrik Elmqvist, the founder of designer Yggdrasil, to its board of directors. ParlayBat is based out of Malta and is working on distributing its product in regulated markets.

Regarding the funding, ParlayBay CEO Patrick Nordwall said, "We're really pleased to have raised a considerable amount in our most recent funding round, especially given the current challenging climate.

"Fredrik joining our board is a fantastic addition as we ramp up our growth going into 2023. We've had a very good year and the money raised gives us the opportunity to drive things forward even quicker."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.