GeoComply revealed the signing of a binding deal for minority investments led by Blackstone Growth and Atairos funds, the terms of which were not disclosed.
This is the company’s first institutional investment, and it aims to help GeoComply continue to expand in its core markets while also accelerating penetration into new verticals.
Empower the future of digital trust
Anna Sainsbury, founder and chairman of GeoComply explained: “Our mission at GeoComply is to empower the future of digital trust, and with Blackstone and Atairos as investors, we are taking a material leap forward to make it a reality.”
“GeoComply has received countless investment enquiries over the past few years but was in the fortunate position to wait until the right opportunity came along. In Blackstone and Atairos, we found the investors we were looking for, not only with deep insight into software and gaming, but also the financial services and broadcasting verticals.
“We valued their ability to trust and empower founders like David and me to maintain our company values as we execute to our fullest potential. Their integrity and professionalism throughout the process was exceptional and we welcome their expertise and guidance as we grow our business and move into new markets.”
The location verification criteria for igaming, broadcasting, and fintech are supported by the geolocation enforcement technology professional, which has founded its Conscious Gaming independent philanthropic organisation this year.
‘First institutional backers’
Blackstone Growth managing director Vishal Amin added: “We are deeply proud to have been selected as GeoComply’s first institutional backers and invest in a clear market leader.
“We believe the company is poised for significant further expansion in the years ahead – particularly given their mission-critical role in delivering compliance software solutions to the fast-growing, global online gaming and sports betting industry.
“Anna and David have built an incredible business, and we are excited to work closely with them as they look to further increase the company’s already strong leadership position into new markets and opportunities.”