Hero Gaming raised $60M in more capital investment.

Sweden Investments 21 November 2019
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Hero Gaming, a Stockholm, Sweden-based company operating a gaming betting-based business, completed a SEK 59.8M ($6.2M) capital investment round.

The funding was backed by investors including Mattias Ståhlgren, Maxify Investment, Erton Fejzullahu and Tagelito Holding AB.

Hero Gaming, led by CEO Georg Westin, is operated from both Sweden and Malta and is active in Sweden, which accounts for 50% of turnover, as well as Norway, Finland, Japan and the United Kingdom. In 2018, the company was not profitable and had a turnover of approximately SEK 436 million ($45.4M).