Catena Growth Ventures makes first disclosed investment in Repackz.fun
2 mins read
| The news: Catena Media has made a strategic investment in Collectbase Inc., the US parent company of Repackz.fun, a B2B platform that lets iGaming operators, brands, and publishers offer pack ripping under their own name. It is the first deal from Catena Growth Ventures, the group’s investment and partnership arm. Terms weren’t disclosed.
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| Zoom in: The deal is commercial as well as financial: Catena will introduce Repackz to operators and publishers in its network, and the partnership also includes Collectibles.com, Collectbase’s app for collectors to organize, value, and share their collections. Repackz offers real, graded collectibles with sourcing, vaulting, and fulfillment handled for its clients, said Dietrich von Behren, Collectbase’s co-founder and chief business and strategy officer. Catena CEO Manuel Stan says its venture arm will contribute “capital, operator relationships and distribution” to the deal.
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| Why it matters: Stan called the deal “a further step in diversifying our revenue streams” for Catena, a Nasdaq Stockholm-listed lead-generation business for casino and sportsbook operators. Pack ripping is pulling in B2B suppliers fast, and last week B2Bux pitched operators a similar turnkey model. For Repackz, a partner with an existing operator network may matter as much as the capital.
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