GiG lands 4.7m investment from Hong Kong firm Hatcher Group
Gaming Innovation Group (GiG) has secured a 4.7m (?4m) investment from Hatcher Group, a Hong Kong-based investment firm. , GiG announced that it “intends to use the net proceeds from the Share Issue to strengthen its balance sheet, facilitate new business opportunities and for general corporate purposes“.
The funding comes via a direct share issue, with GiG issuing 8 million new Swedish Depository Receipts (SDRs) at SEK 6.41 (?0.50) each, matching the closing price on 5 June. This has resulted in a 5.6% dilution and brings the total number of outstanding SDRs to more than 136 million.
Rather than going down the route of a traditional rights issue, GiG opted for a direct placement, a quicker and more cost-effective option that also brings a new long-term partner into the fold. Hatcher Globals investment reflects confidence in GiGs tech-led approach, which includes the CoreX platform and LogicX, its AI-powered analytics suite.
Strengthening the balance sheet and scaling up
The deal follows a strong Q4 2024 for GiG Software, during which it signed 16m worth of new contracts, including a renewed agreement with Betsson AB and six new client partnerships. This helped push annual recurring revenue up 34% to 33m.
Looking ahead, GiG expects to hit 44m in revenue for 2025, with adjusted EBITDA projected at 10m or more. Among the companys top priorities is the rollout of SweepX , a social sweepstakes 바카라 platform targeting the US market.
Another key shift is underway behind the scenes, as GiG moves from its legacy Alira platform to the more flexible CoreX. The migration, which is expected to deliver cost savings and performance improvements from 2026, will also help the company scale more efficiently for enterprise-level clients.
Laying the groundwork for further expansion
GiGs product roadmap for 2025 centres on launching new partners quickly in regulated markets. Four brands went live in Q1, and the company says a significant number of additional launches are lined up for the rest of the year.
The X Suite, a bundle of tools including the SportX sportsbook, LogicX AI, and DataX analytics, is also being fine-tuned to support faster go-to-market strategies and provide real-time insight to partners.
, CEO Richard Brown said: Our elevated product offering and fast-growing regulated geographic market reach will provide significant opportunities to continue expanding and scaling the business, improving revenue quality and growth, and ultimately increasing shareholder value.”
GiG is currently pursuing 75m in potential annual contract value, with 16m already locked in through long-term deals.
With markets like Ontario and the US heating up, GiG plans to use the funding to stay competitive. The backing from Hatcher Global gives it extra support as it works on growing the business and getting products to market faster. The focus now is on building steadily and keeping innovation moving without losing sight of the bottom line.
