About Karma Gaming
Karma Gaming is a company based in Halifax (Canada) founded in 2012 was acquired by Scientific Games in October 2016.. Karma Gaming has raised $6.2 million across 3 funding rounds from investors including Scientific Games, Vanedge Capital and Innovacorp. Karma Gaming operates in a competitive market with competitors including Lottery, Jackpot, California Lottery, Georgia Lottery and BOTB, among others.
- Headquarter Halifax, Canada
-
Sectors
Consumer
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$6.2 M (USD)
in 3 rounds
-
Latest Funding Round
$1 M (USD), Series A
Sep 11, 2013
-
Investors
Scientific Games
& 3 more
-
Employee Count
Employee Count
-
Acquired by
Scientific Games
(Oct 06, 2016)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Karma Gaming
Karma Gaming has successfully raised a total of $6.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in September 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $1.0M
-
First Round
First Round
(01 Jun 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Series A - Karma Gaming | Valuation |
investors |
|
| Jun, 2013 | Amount | Series A - Karma Gaming | Valuation |
investors |
|
| Jun, 2012 | Amount | Seed - Karma Gaming | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Karma Gaming
Karma Gaming has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Scientific Games, Vanedge Capital and Innovacorp. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage venture capital is invested in US and Canadian companies.
|
Founded Year | Domain | Location | |
|
Accelerator, Incubator & VC Firm investing primarily in Canada and the US
|
Founded Year | Domain | Location | |
|
Rho is engaged in investing in innovative companies since 1981.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Karma Gaming
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Karma Gaming
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karma Gaming Comparisons
Competitors of Karma Gaming
Karma Gaming operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lottery, Jackpot, California Lottery, Georgia Lottery and BOTB, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lottery-based games are provided via an online gambling platform.
|
|
| domain | founded_year | HQ Location |
Online gambling platform offering casino and lottery games
|
|
| domain | founded_year | HQ Location |
Operates an app-based platform for engaging lottery games and services.
|
|
| domain | founded_year | HQ Location |
Operates lottery games like draws and scratchers to support education funding.
|
|
| domain | founded_year | HQ Location |
Online lottery agents
|
|
| domain | founded_year | HQ Location |
An online platform delivering comprehensive lottery services to users.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Karma Gaming
When was Karma Gaming founded?
Karma Gaming was founded in 2012.
Where is Karma Gaming located?
Karma Gaming is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
Is Karma Gaming a funded company?
Karma Gaming is a funded company, having raised a total of $6.2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 01, 2012.
What does Karma Gaming do?
Karma Gaming was founded in 2012 in Halifax, Canada, within the lottery technology sector. Social and casual games are created and integrated into lottery systems by the company. Access to these products is provided across web, mobile, and tablet platforms. Innovative concepts are offered to lotteries, including custom solutions adapted to specific operational needs.
Who are the top competitors of Karma Gaming?
Who are Karma Gaming's investors?
Karma Gaming has 4 investors. Key investors include Scientific Games, Vanedge Capital, Innovacorp, and Rho.