Costa Media raises €550,000 in investment round

Costa Media raises €550,000 in investment round

Online gaming affiliate company Costa Media has raised a total of €550,000 (£497,100/$612,036) in an equity investment round lead by Growth Box Ventures (GBV) and Dreamworx.

Published 17th March 2020

Costa Media said the new funds will enable it to accelerate the organic growth of its core assets and invest into new opportunities in key markets.

Founded in 2019, Costa Media has websites in Europe and Latin America. The company operates in Portugal via websites such as mistercasino.pt and oddsdesportivas.pt, and has plans to launch both brands in Spain, Brazil and Mexico in the coming months.

“We are very excited about having GBV and Dreamworx as investors and partners; along with the investment, their entrepreneurial background, vast industry network and strategic support will help us take the business to the next level as we grow into different markets,” Costa Media co-founder and chief executive Gonçalo Costa said.

Bernardo Moreira, co-founder and chief business officer of Costa Media, added: “With this investment, Costa Media will be able to meet our clients’ needs quicker and at a much higher standard.

“The value added to our assets and audience, will position us as the go-to solution for operators entering Portuguese and Spanish speaking markets.”

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