# enModus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enmodus

- Industry: Software
- Headquarters: UK
- Website: www.enmodus.com
- Total disclosed funding: $13M
- Latest round: Series A (Jun 22, 2017)
- Investors on record: 4

## About

enModus Ltd specializes in creating an innovative online platform for competitive casino tournaments, offering diverse gaming experiences for players across the globe.Founded in 2010 in the UK, enModus Ltd operates an online platform for casino tournaments. The company has secured a total of 5 deals, with the most recent funding round occurring on June 22, 2017. During this SERIES A round, enModus raised GBP 8.67 mn from lead investor intu Properties plc, along with Breed Reply and the Development Bank of Wales, bringing the total amount raised to GBP 8.67 mn and valuing the company at GBP 19.00 mn. The founder's prior ventures are not publicly documented.Enmodus.com primarily focuses on providing an online platform for casino tournaments, catering to gamers interested in competitive play. Their offerings include a variety of online casino games such as slots, poker, blackjack, and roulette, designed to facilitate tournaments where players showcase their skills. This platform serves casual gamers and seasoned professionals alike, fostering community interaction and skill development among users worldwide, including in Europe, Asia, and North America.The revenue model for Enmodus.com is based on participation fees for online casino tournaments and potential subscription-based services for premium offerings. Players pay an entry fee to join tournaments, with prize pools adjusted according to participants and tournament types. Additional monetization strategies include promotional bonuses aimed at enhancing user engagement. The primary interactions are B2C, with players directly participating in competitions, and flagship offerings include special tournaments featuring higher stakes and exclusive rewards.Following the SERIES A funding on June 22, 2017, enModus plans to utilize the GBP 8.67 mn raised to expand their product offerings and enhance their platform. The company is targeting new markets in the Asia-Pacific region by the end of 2024, aiming to tap into the growing demand for online gaming. New products are currently in development, though specific launch dates have not been disclosed.

## Funding rounds

- Series A, Jun 22, 2017, $11M — Development Bank of Wales, Breed Reply, intu Properties plc
- Seed, Oct 6, 2015 — Breed Reply
- Seed, Feb 17, 2014, $1.5M — Oxygen House, Development Bank of Wales

## Investors

- Oxygen House (https://capitalatlas.ai/funds/oxygen-house) — Seed
- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Seed, Series A
- Breed Reply (https://capitalatlas.ai/funds/breed-reply) — Seed, Series A
- intu Properties plc — Series A