Northern Lights Gaming secures strategic investment from Velo Partners
London-based VC fund invests in slots studio via gaming accelerator arm RNG Foundry
Manchester-based slots start-up Northern Lights Gaming has sealed a strategic investment from VC firm Velo Partners through its gaming accelerator RNG Foundry.
The investment, which EGR Intel understands to be more than six figures, will allow the gaming studio to securely develop its future content.
According to Velo Partners’ website, the RNG Foundry gaming accelerator offers applicants “an attractive package including equity investment capital of £25k up to £150k, technical resources, co-working office space and distribution opportunities”.
Meanwhile, Northern Lights Gaming has simultaneously secured an exclusive distribution agreement with Microgaming’s Quickfire platform.
Northern Lights Gaming was founded in 2017 by a group of industry veterans with a focus on boutique egaming content.
Andrew Goodale, CEO of Northern Lights Gaming, said: “We’re delighted to have Velo Partners and RNG Foundry join forces with us. Apart from the capital allowing us to continue to build our business, they also bring vast gaming expertise and access to a fantastic industry network.”
Velo Partners founder Evan Hoff added: “We are very enthusiastic about adding Northern Lights Gaming to the RNG Foundry portfolio and bringing its exclusive content to Microgaming.”