Jumbo Interactive
Level 1, 601 Coronation Drive, Toowong, QLD, 4066, Australia
Overview
Jumbo is an online retailer of national jackpot and charity lotteries. They use cutting-edge technology to create an engaging and entertaining buying experience for their customers across a variety of digital platforms.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Information Technology
- Retail
Investment portfolio
- Sorteo Games
Led · Equity · Nov 2012
Sorteo Games is a provider of regulated server-based wireless, web and electronic lottery systems and services, with offices in San Diego and Mexico City. Its platform enables lottery institutions and regulated gaming networks to create, distribute and control traditional lottery products alongside new electronic products, services and distribution channels. The company currently holds two national lottery systems and distribution licenses and operates government-regulated, revenue-generating national lottery wireless & interactive channels and electronic lottery terminals in Mexico. Sorteo’s immediate plans are to roll out its lottery solutions in Mexico under exclusive long-term agreements to modernize and automate Lotería Nacional products and distribution channels. Management says automation is progressing well and expects to deploy solutions in Mexico and subsequently beyond. No specific revenue or user metrics were disclosed in the article. Sorteo Games provides regulated server-based wireless, web and electronic lottery systems and services and operates the Digital Orchid™ Lottery Gaming Platform that integrates national lottery products and distributors in Mexico. The platform enables rapid creation of new products and opens electronic distribution channels for lottery institutions and regulated gaming networks. Sorteo holds two national lottery systems and distribution licenses and operates government-regulated revenue-generating national lottery wireless & interactive channels and electronic lottery terminals in Mexico. The company has exclusive long-term agreements to manage modernization and automation of Mexico’s National Lottery products and distribution channels; the launch of an automated National Lottery Agent Terminal Network earlier this year drove significant ticket sales growth. Sorteo recently received a US$2 million investment from Jumbo Interactive and signed an exclusive long-term agreement to enable online and mobile sales of Mexican National Lottery draws via integration with Jumbo’s technology. With offices in San Diego and Mexico City, Sorteo plans to accelerate its rollout and expand its online lottery distribution channel in Mexico and other South American markets as part of the partnership.
Team
No current team members are available.