Karma Gaming Nets $4M from Rho Canada Ventures and Innovacorp
Angel-backed Karma Gaming, a Halifax, Nova Scotia-based software developer of digital lottery games, has obtained $4 million in a Series A financing round. The deal was led by Canadian venture capital firms Rho Canada Ventures and Innovacorp. Funds will be used by the company to increase production and invest in sales channels. Rho partner Jeff Grammer and Innovacorp investment director Thomas Rankin will join Karma’s board of directors.
7 June 2013•3 mins read
