{"id":9763,"date":"2025-06-12T12:24:20","date_gmt":"2025-06-12T11:24:20","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=9763"},"modified":"2025-06-12T12:24:25","modified_gmt":"2025-06-12T11:24:25","slug":"gig-raises-e4-7m-from-hatcher-global","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/06\/12\/gig-raises-e4-7m-from-hatcher-global\/","title":{"rendered":"GiG Raises \u20ac4.7M from Hatcher Global"},"content":{"rendered":"\n<p><strong>Gaming Innovation Group (GiG)<\/strong> has raised <strong>\u20ac4.7m<\/strong> through a direct share issue to Hong Kong-based <strong>Hatcher Global,<\/strong> as the Nasdaq First North-listed technology firm looks to strengthen its balance sheet and fast-track product innovation.<\/p>\n\n\n\n<p>The deal, first reported by<strong> iGamingExpert<\/strong>, saw GiG issue <strong>8 million new shares<\/strong> in the form of <strong>Swedish Depository Receipts (SDRs) at SEK 6.41 (\u00a30.50) <\/strong>per share, matching the company\u2019s closing price on 5 June. The new issuance amounts to a 5.6% dilution, taking the total number of outstanding SDRs <strong>to over 136 million<\/strong>.<\/p>\n\n\n\n<p>In a market update, GiG said the proceeds would be used to back ongoing platform development, commercial expansion, and to reinforce its financial footing ahead of what it described as \u201cmultiple competitive opportunities.\u201d<\/p>\n\n\n\n<p>\u201cThis share issue reflects a timely move aligned with increased trading activity. The capital injection will support our pursuit of new growth avenues and enhance our financial flexibility,\u201d the board noted.<\/p>\n\n\n\n<p>GiG opted for a direct placement over a wider rights issue, citing speed, lower transaction costs, and the strategic value of onboarding Hatcher Global as a long-term shareholder.<\/p>\n\n\n\n<p>The fundraising follows a strong end to 2024, with <strong>GiG Software<\/strong> \u2013 now operating as a standalone business \u2013 closing \u20ac16m in new contracts in Q4. These included a key renewal with Betsson AB and six new client wins, driving annual recurring revenue up 34% to \u20ac33m.<\/p>\n\n\n\n<p>For the current year, GiG is forecasting <strong>\u20ac44m in revenue<\/strong> and adjusted <strong>EBITDA of at least \u20ac10m<\/strong>. Management confirmed that the new capital will accelerate the rollout of several flagship products, including <strong>SweepX<\/strong>, its upcoming social sweepstakes casino platform, and enhancements across its <strong>CoreX <\/strong>platform, <strong>SportX<\/strong> sportsbook, and AI-led <strong>LogicX<\/strong> and <strong>DataX<\/strong> suites.<\/p>\n\n\n\n<p>Leadership said the investment strengthens GiG\u2019s capacity to compete for larger enterprise contracts while maintaining momentum across its modular tech stack.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gaming Innovation Group (GiG) has raised \u20ac4.7m through a direct share issue to Hong Kong-based Hatcher Global, as the Nasdaq First North-listed technology firm looks to strengthen its balance sheet and fast-track product innovation. The deal, first reported by iGamingExpert, saw GiG issue 8 million new shares in the form of Swedish Depository Receipts (SDRs) [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1],"tags":[2459,1576,12989,12988],"class_list":["post-9763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","tag-gaming-innovation-group","tag-gig","tag-gig-software","tag-hatcher-global"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GiG Raises \u20ac4.7M from Hatcher Global - SBC EURASIA EN<\/title>\n<meta name=\"description\" content=\"Gaming Innovation Group (GiG) has raised \u20ac4.7m through a direct share issue to Hong Kong-based Hatcher Global, as the Nasdaq First North-listed technology firm looks to strengthen its balance sheet and fast-track product innovation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2025\/06\/12\/gig-raises-e4-7m-from-hatcher-global\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GiG Raises \u20ac4.7M from Hatcher Global - 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