Virtue Gaming Operations Limited
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Virtue Gaming Operations Limited - overview
Established
2016
Location
-, -, Malta
Primary Industry
Software
About
Virtue Gaming Operations Limited operates an online poker platform based in Malta, dedicated to enhancing the gaming experience for poker enthusiasts through innovative features and customizable options. Founded in 2016, Virtue Gaming Operations Limited specializes in online poker through its platform, allowing players to engage in various gaming formats. The company has not undergone notable pivots or changes since its inception. The founders, Jim Berry and Ryan Gittleson, have previously worked in the gaming industry.
The company is headquartered in Malta and raised USD 5. 00 mn in Seed funding on April 12, 2021, from investors including ConsenSys Ventures, Digital Finance Group, and Pantera Capital, bringing the total amount raised to USD 5. 00 mn. Virtue Poker provides a comprehensive online platform for poker enthusiasts, offering an array of gaming formats such as Cash Games, Multi-Table Tournaments (MTTs), No-Limit Texas Hold'em (NLHE), Pot-Limit Omaha (PLO), and Short Deck games.
The platform is notable for its emphasis on user control, allowing players to personalize their gaming experience with custom artwork, manage club memberships, and create unique URLs for games, catering to both casual players and poker clubs. In 2021, Virtue Poker reported revenue of USD 485,135. 10, with an EBITDA of USD -4,082,671. The company generates revenue primarily through transaction fees associated with gameplay and club management, earning a percentage of buy-ins from players purchasing chips for cash games or tournaments.
They may also engage in partnerships with poker clubs to enhance user experience with customized features. In April 2021, Virtue Gaming Operations Limited secured USD 5 mn in Seed funding to support the bootstrap of its mainnet launch scheduled for May 2021. The company plans to leverage this funding to further develop its platform and expand its presence in regions where online poker is legally permitted. Specific targets for geographic expansion have not been disclosed.
Current Investors
Pantera Capital, ConsenSys Ventures, Digital Finance Group
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Gaming
Website
www.virtue.poker
Verticals
Artificial Intelligence, Big Data, Blockchain
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
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