LONDON, UK: Low6 Limited, the company that has developed a next-generation sports betting platform, has successfully raised a total of US$5 million in a funding round which the company will use to fund continued growth, in particular its expansion into the US, a news release said.
Low6 Limited has steadily grown since inception and through 2021 the company continued to build its product and service offering, resulting in new partners and contracts, including recent partnerships with the NBA Detroit Pistons, the NFL Cincinnati Bengals, the NFL Jacksonville Jaguars and the PGA TOUR. Low6 was also awarded the 2020 EGR “Virtual and Fantasy Sports Operator” and “2021 Rising Star” awards.
Low6’s plans to IPO remain on track, with a listing expected in 2022.
Nicholas Lee, Director of Pires Investment, commented: “We are delighted to note Low6’s successful funding round, raising US$5 million, which will be used to fund its continued growth into the US. We are glad to note how successful 2021 was for the company, resulting in numerous new significant partnerships and contracts. We look forward to updating the market on Low6’s progress as it moves towards an IPO.”
Pires Investments plc (AIM: PIRI) is the investment company focused on next generation technology, which has invested in Low6 along with Gunsynd Plc.