Vanedge makes additional $1 mln Series A investment in Karma Gaming
Halifax, Nova Scotia-based Karma Gaming, a developer of next-generation games for lotteries worldwide, has secured an additional $1 million in Series A financing from Canadian venture capital firms Vanedge Capital. The funding tops up a $4 million raise obtained from Rho Canada Ventures and Innovacorp in July. Proceeds from the deal will be used to increase production and invest in its sales channels to accelerate growth. Karma raised an initial seed round of $1.2 million from angel investors in 2012, bringing its total funding to date to $6.2 million.
13 September 2013•3 mins read
