SÁB 23 DE OCTUBRE DE 2021 - 21:15hs.
After receiving a € 550,000 investment

Costa Media plans to launch mistercasino.pt and oddsdesportivas.pt in Brazil

Costa Media announced that it has recently secured a €550,000 equity investment round from two leading iGaming investors, Growth Box Ventures (GBV) and Dreamworx, which will fund the growth of existing assets and expansion to new markets. The company has shown some early traction in Portugal with websites such as mistercasino.pt and oddsdesportivas.pt, and has plans to launch both brands in Brazil, Mexico an Spain in the coming months.

Costa Media, founded in 2019, is an iGaming affiliate company with websites in Europe and Latin America. The new funding round will enable the Malta-based affiliate company to accelerate the organic growth of its core assets and invest into new opportunities in key markets.

Gonçalo Costa, co-founder & CEO of Costa Media, believes this seed funding brings far more opportunities than just the investment. “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,” he said.

The company has shown some early traction in Portugal with websites such as mistercasino.pt and oddsdesportivas.pt, and has plans to launch both brands in Spain, Brazil and Mexico in the coming months.

Bernardo Moreira, co-founder & CBO of Costa Media, sees the investment as an opportunity to deliver better and faster results to operators. “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,” commented Moreira.

Source: GMB