AZERION HITS €72.5M IN ISSUED BONDS THIS YEAR WITH LATEST CAPITAL RAISE

European gaming and monetisation tech company Azerion has concluded a €12.5M add-on capital raise, as it aims to continue growth through 2021. 

The latest funding brings the total raises in senior secured bonds to €72.5M, under its existing €100M bond issue framework. 

The company says the funding will allow it to continue its fast-paced growth in 2021, through acquisitions and platform innovations to increase its footprint, and improve experience and security. It is also exploring the potential of an IPO to boost growth and platform expansion. 

Azerion says its vision is to play a key role in creating a safer and more positive digital destination, that eliminates the risks of user-generated, negative or fake content. 

Discussing the latest funding and future plans, co-founder and CEO of Azerion, Attila Aytekin, said:

“Our successful initial EUR 60 million bond issue in March this year was a unique deal in many ways. We were a non-listed Dutch company issuing bonds to institutional investors for the first time and doing so in the Nordic market, which remained closed for the next two months due to the pandemic. We were the last ones to issue bonds successfully here, which revealed a high level of investor confidence despite dramatic market circumstances.

“This strong investor appetite along with the positive feedback we received during our roadshows this year confirm our strategy and vision. We intend to use this strong position in digital gaming and adtech to grow and expand our platform with adjacent services. Ultimately, we want to create a safe, connected and intelligent ecosystem around Azerion that will accelerate the growth of European technology companies connected to our operations.

“We’re proud to have grown fast and responsibly in a more closely regulated market, with transparent products and services that are built in line with fair business principles and user protections. We are in the process of sharpening our long-term funding roadmap to ensure that we continue our fast-pace growth for the coming years and ultimately realise our vision.”

AYO.NEWS says:

With so much negative economic news dominating the mainstream headlines, it’s fantastic to see companies like Azerion are bucking the trend and continuing to attract investment. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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