22 November 2016 – London: ZEAL Network SE, the international online lottery company, has today announced the launch of ZEAL Investments, an investment arm created to provide finance and support to start-ups seeking to disrupt the industry status quo.
Characterised by its financial clout and industry expertise, the new organisation aims to help unearth new lottery business models and to give existing models a significant competitive edge by employing fresh, imaginative approaches and technology.
The ZEAL Investments team is led by experienced lottery entrepreneur James Oakes, following ZEAL Network SE’s acquisition of Geonomics in March 2016.
“With only 5% of the $300bn worldwide lottery market currently played online, this is a huge opportunity for the industry to fully digitise and build more of a presence in the online and mobile spaces” said James Oakes, Director at ZEAL Investments. “There are thousands of fantastic start-ups out there, all with their own unique ideas, some of which could really move the industry forward. ZEAL Investments has been set up to help these entrepreneurial companies achieve their goals” he added.
Oakes launched his first entrepreneurial venture with his brother Henry. The two researched the lottery industry in great detail and saw a considerable opportunity. Together, they launched Geonomics and in so doing created an entirely new class of lottery draw game, went through four funding rounds, secured numerous industry partnerships, and reached a valuation of £50m – before an eventual exit to ZEAL Network SE.
“We don’t think of our finance as just finance: it’s a vote of confidence in your company. It’s a sign that we believe in your offering, that it can make a tangible difference to the market, and that we’re ready to help you bring it to fruition” commented Oakes. “This industry is dying for some fresh blood and some new ideas. We’re going to find the most ambitious and interesting entrepreneurs operating within the market, and we’re going to give them the financial backing they need to thrive.”
About ZEAL Investments
ZEAL Investments is part of ZEAL Network SE, a London based company that specialises in online lotteries. It caters to both consumers and businesses with lottery specific games and solutions.
To learn more, follow @ZEALInvest on Twitter.
About ZEAL Network SE
ZEAL is a holding company specialized in the area of online lottery offering consumer facing lottery-based games as well as business to business solutions. Its vision is to create a better world of lottery.
ZEAL Network SE is a London based company, founded in Germany in 1999 as Tipp24 SE. In November 2014, the company was renamed in today’s ZEAL Network SE. Its shares are listed on the Prime Standard of the Frankfurt Stock Exchange and are included in the SDAX index. To the current day ZEAL has generated stakes of 2.5 billion euros and thus contributed over 650 million euros in taxes and duties.
ZEAL holds equity interests in businesses running under the following brands: Lottovate offers digital services to licenced lottery operators around the world (www.lottovate.com). Lotto Network enables private business partners to host their own branded lotto product (www.lottonetwork.com). Ventura24 is a lottery ticket broker in Spain (www.ventura24.es). Tipp24 offers consumer facing secondary lottery products (www.tipp24.com).