Maltese VC Vereeni Investments acquired a 25% stake in Caleta Gaming, a Brazilian gaming content development studio, for an undisclosed amount.

(Igaming Business) Venture capital fund Vereeni Investments has agreed a deal to purchase a 25% holding in Brazilian gaming content development studio Caleta Gaming for an undisclosed seven-figure GBP investment.

Caleta, which develops both online and mobile games using in-house technology, will now have access to additional resources via the Vereeni network.

Vereeni has holdings in a number of brands across the online gambling, business intelligence, software development, crypto and blockchain verticals, as part of its €100m (£89.1m/$112.1m) ‘Level Up’ investment fund.

“This investment will help Caleta grow by doing even more of what we do best,” Caleta chief executive David Marcus said. “Being a member of the Vereeni network is going to be of immense value to us.”

Timothy John Heath, founding partner at Vereeni, added: “Vereeni Investments is always looking for businesses with fantastic teams and high-growth potential, and Caleta certainly ticks these boxes.

“We are certain that with this investment, Caleta will be able to take the next step in its growth journey and become a major player in the provision of casino content.”

The investment comes after Vereeni last month also acquired a stake in Swedish company Flax Innovations for an undisclosed six-figure sum. Flax was founded in 2017 and its main product is the betting stimulation product Triggy.