Pecunio will lead the Series A round of a revolutionary online lottery platform.
The equity & strategy deal is priced at 1.8MM USD, putting Cryptomillions’ valuation at 20 Mio USD.
Pecunio Venture Capital leads the current investment round for the gaming industry Lottery Platform Cryptomillions (https://www.cryptomillions.io).
Pecunio is acquiring a 6% share in the company plus a 3% top up option to participate in the current or in further funding stages. The deal is valued at USD 1,800,000.
The company will soon launch their Beta product, displaying their engaging interface and incorporating a completely randomized lottery game which will transcend current options, while bringing a real blockchain based gaming system to the market.
Cryptomillions has developed a revolutionary online lottery platform based on Blockchain and Smart Contract Technology, which provides a whole new perspective of value transfer. Traditional lotteries have always existed but face issues driven by growing evidence of them being highly vulnerable to manipulation and logistical issues. Thanks to Blockchain tech, Cryptomillions can provide:
1) Full transparency of each transaction
2) Random Number Generation or RNG and
3) Automatization of Payments and Donations
Therefore, this is a platform that not only targets traditional lottery players (fiat gateway) but also Crypto Enthusiasts.
“When talking about the future of the gaming market, the industry continues to catch the attention of not only players of all ages in the economy, but the attention of business owners and investors as well. As an industry, gaming is undergoing impressive growth.”
How is the service delivered?
With the access via an easy to use app players around the world can buy tickets, share or collect prizes 24/7, while contributing to good causes. Cryptomillions delivers one of their core pillars; transparency through Blockchain, and automatization through Smart Contracts.
The worldwide lottery market is expected to grow at a stable CAGR (Compound Annual Growth Rate) of around 10% between 2018 and 2022, with an estimated incremental growth of approximately $174 billion. Bringing total market value of over $500 billion USD.
Apart from that, Cryptomillions Donations scheme brings full transparency to the sector. Players will be able to select the foundation they wish to donate to. This process is totally automatized; each time a player buys a lottery ticket a Smart Contract sends 15% to the foundation that was selected.
“I am so proud to see what we have achieved after a year of hard work. Integrating a great team, materializing what started as a dream, Cryptomillions and it’s disruptive business model is now a reality. It has taken passion and focus. We are confident that with this partnership with a strong investment company like Pecunio, nothing will stand in our way to reach our goals and secure success”, said Ramses Villela, Cryptomillions CEO.
The company, their team and partners are thoroughly moving forward in product development, as well as in matter of gaming licenses and geographic applications that will allow them to reap the potential of digital markets around the globe.
“The ultimate aim of our collaboration is to strategically position Cryptomillions as a world player in the lottery and Gaming/Gambling Industry, and to support them in this and further investment rounds securing smart money and shareholders in the company”, said Reinhard Berger, Pecunio CEO,
“We’re excited to see Cryptomillions develop through time as they expand into worldwide markets. This deal will definitely set them up for global reach and access to growth opportunities.”
