Real Luck Group Ltd., parent company of esports betting platform Luckbox, has raised $17.8m (~£12.82m) in a private placement round led by Gravitas Securities.
This private placement of special warrants, which according to a release was oversubscribed, was partially brokered (led by Gravitas as the lead agent and sole bookrunner, for aggregate gross proceeds of $16.98m) and partially non-brokered (for aggregate gross proceeds of $824,700).
“Luckbox’s strong leadership team paired with the current size and growth potential of esports and sports betting led to the offering being heavily oversubscribed, as investors begin to recognise this attractive sector and opportunity,” company Chairman Drew Green said.