Tuesday January 14 ,2014 : SUCCESSFUL GBP 2.6 M FUNDING ROUND FOR FSB TECHNOLOGY
Third successful round since 2008
Sports betting platform provider FSB Technology Ltd. has successfully completed an investment funding round to the tune of GBP 2.6 million.
Mark Blandford, founder of Sportingbet, led the funding round which the company said would be put to work with further investment in its sports betting platform along with a focus on a new managed sports betting service.
FSB said it will target sports betting operators using legacy systems who have been unable to keep abreast of new technology developments in mobile and live betting with the new service.
The company itself was founded by co-founder of the GameAccount Network (GAN) David McDowell and GAN chief technology officer Sam Lawrence in 2007. Other significant shareholders include Richard Glynn – chief executive officer of Ladbrokes, Andrew Black – co founder of Betfair and David O'Reilly – chairman of GAN.
“This funding round is a great endorsement of both our team and our vision. There are a lot of companies stuck trading on legacy platforms and we are seeing a huge demand for modern technology and turnkey solutions,” commented McDowell.