Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Industry News

Totalizator Sportowy and ffVC Launch VC Fund for Gaming Start-ups

Published

on


Totalizator Sportowy and ffVC Launch VC Fund for Gaming Start-ups
Reading Time: 2 minutes

 

Polish state-owned operator Totalizator Sportowy has partnered with American enterprise capital fund ffVC to invest in gaming start-ups.

The ffVC Tech & Gaming fund shall be used to spend money on 10-15 start-ups by the end of 2023, mainly in Poland and other Eastern European countries.

Companies are anticipated to obtain between PLN1m ($271,000) and PLN8m of their first funding, although subsequent investments could also be as excessive as PLN15m.

Olgierd Cieślik, president of the administration board of Totalizator Sportowy, stated working with promising new companies was a vital step for the way forward for the operator.

“Persevering with the technological transformation of Totalizator Sportowy requires us not solely to cooperate with the worldwide giants of the gaming market, but in addition to be open to the implementation of services and products offered by younger revolutionary corporations, together with Polish startups,” Cieślik stated.

“We hope that [this support] will deliver us all nice advantages and, above all, the opportunity of additional progress.”

John Frankel, founder and associate of ffVC, stated he was excited to increase his fund’s work to Poland.

“We’re glad that we are able to increase our enterprise and begin investing in Poland,” Frankel stated.

“We’ve got created a robust worldwide group to seek for the very best Polish corporations that, due to the assistance of ffVC and Totalizator Sportowy, have an opportunity to turn out to be leaders of their industries.

“The enterprise capital market in Poland has been creating dynamically for years and we consider that the market is getting into the section of improvement, after which Polish startups will obtain a world scale of operations.”

Frankel will handle the fund alongside three different ffVC companions: US-based Adam Plotkin and Poland-based Mariusz Adamski and Maciej Skarul.

“We wish to help the event of revolutionary and ground-breaking Polish corporations by utilizing ffVC’s relations with strategic companions akin to Totalizator Sportowy and serving to Polish corporations to increase internationally, particularly to the USA,” Adamski stated.

The fund was established underneath the Polish Growth Fund (PFR) and the Nationwide Middle for Analysis and Growth’s Company Enterprise Capital programme.

“We’re introducing a brand new CVC fund to the Polish market, centered on industries which – as we see in our different packages and initiatives – very successfully take in R&D funding, turning it into merchandise with potential for worldwide commercialisation,” Przemysław Kurczewski, deputy director of the Nationwide Middle for Analysis and Growth, stated.

Maciej Ćwikiewicz, president of PFR Ventures, added that gaming companies supply main curiosity amongst buyers and so such a fund made sense.

“Skilled recreation producers entice huge curiosity on the Warsaw Inventory Alternate, and now simply beginning research and tasks can depend on various capital,” Ćwikiewicz stated.

 

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending (Top 7)

Discover the Magic of EuropeanGaming.eu – Your Gateway to the Gaming Universe

At the heart of the ever-evolving gaming and gambling industry lies EuropeanGaming.eu, a trailblazing online platform that has become the go-to destination for industry professionals, enthusiasts, and stakeholders. As part of HIPTHER, we’re redefining how the gaming world connects, informs, and inspires.

More Than News – A Hub of Insight and Innovation

Reaching over 300,000 readers monthly, EuropeanGaming.eu goes beyond headlines to deliver compelling stories, expert insights, and the latest industry news. From regulatory updates and compliance breakthroughs to the pulse-pounding world of esports and technological advancements, we provide comprehensive coverage of the topics that matter most:

  • Online and Land-Based Gaming
  • Betting and Esports
  • Regulatory and Compliance Updates
  • Cutting-Edge Technology in Gaming

Whether it’s daily news, exclusive interviews with industry leaders, in-depth event reports, or press releases that set the tone for the future, our content resonates with a global audience while maintaining a focus on Europe’s dynamic gaming market.

Bringing the Industry Together

Our impact doesn’t stop at digital content. EuropeanGaming.eu is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Why EuropeanGaming.eu?

At HIPTHER, we believe in empowering the gaming community with knowledge, connection, and opportunity. EuropeanGaming.eu embodies this spirit by serving as a one-stop resource for the latest trends, market developments, and global perspectives. Whether you’re an industry veteran, a rising operator, or a gaming enthusiast, this is where you find the stories that drive progress.

Get In Touch

Let’s shape the future of gaming together!


Copyright © 2015 - 2025
European Gaming is proudly part of HIPTHER. Registered in Romania under Proshirt SRL, Company Number: 2134306, EU VAT ID: RO21343605.
Office Address: Blvd. 1 Decembrie 1918 nr.5, Târgu Mureș, Romania

Join us as we celebrate a decade of delivering excellence and embrace the magic of what’s to come in 2025 and beyond!

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.