AffPapa, the company behind one of the most successful iGaming events in the face of iGaming Club, a networking-focused industry gathering, has announced another groundbreaking initiative – VenturePapa.
VenturePapa is built as a marketplace connecting iGaming startups with investors, alongside other prominent projects such as SBC’s First Pitch initiative and ICE’s LaunchPad.
However, AffPapa takes a distinctly original approach by creating a more dynamic ecosystem in which the recipients of funding are not the winners of a single competition, but rather any company that can convince investors that it has an idea worth exploring.
Raising funds has become a key aspect of building a resilient business, and AffPapa’s VenturePapa has created a project that allows sector companies to make their pitch to more than 30 investment entities.
For its part, VenturePapa provides assistance to facilitate communication between companies and potential investors and collects no middleman fees. At the present date, the marketplace already has over 30 verified investors alongside more than 100 start-up companies.
VenturePapa makes the process of seeking funding a straightforward and simple one, offering companies a streamlined opportunity to seek funding from verified sources. There are several steps to qualify for funding.
Application during which startups need to secure all required paperwork, including P&L, pitch-deck, KYC information and anything else that may be required from the platformInvestors are notified about the application once it has been processed and it has been deemed legitimate by VenturePapa.Securing a deal comes last with startups, investors and VenturePapa helping hammer out the potential details of an agreement.Commenting on this fresh opportunity, AffPapa CEO Levon Nikoghosyan had this to add about the new ecosystem seeking to connect promising ideas with venture capital:
"With the increasing number of investment inquiries we’ve received from iGaming startups, we felt it was time to do what we do best – CONNECT. VenturePapa is a natural extension of our dedication to the iGaming community, and we are thrilled to provide fresh opportunities for development and creativity."
VenturePapa was revealed last week, and it is a project ultimately dedicated to helping new businesses in the iGaming ecosystem get started.
Image credit: AffPapa
