# Gnodal

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

- Industry: Telecoms
- Headquarters: Bristol, UK
- Website: www.gnodal.com
- Total disclosed funding: $2.2M
- Latest round: Series A (Jul 21, 2009)
- Investors on record: 3

## About

Gnodal Ltd is a technology company based in Bristol, UK, specializing in innovative online gaming solutions that enhance user experiences through engaging and rewarding slot games.Gnodal Ltd, founded in 2007 and headquartered in Bristol, UK, operates an online gaming platform focusing on slot games. The company has engaged in five deals and raised total funding of GBP 2.00 million from investors NESTA Investments and YFM Venture Finance Limited on May 24, 2011, which values the company at GBP 23.56 million. The company was founded by Ed Turner, known for his previous entrepreneurial endeavors.Gnodal Ltd operates the Bandit77 platform, in collaboration with GGSoft, as a leading online gaming service. The platform features a range of interactive slot games with high payout rates, appealing to both experienced players and newcomers, primarily targeting the Southeast Asian market, where online gaming continues to thrive.Gnodal Ltd's revenue is derived from player engagement within its online gaming offerings. Income is generated through transaction-based mechanisms, where players purchase credits to participate in slot games. This model supports a steady revenue stream from direct-to-consumer transactions, enabling investments in new game development and improvements to existing games.The company plans to utilize the GBP 2.00 million raised in its latest funding round to expand its product offerings and enhance user engagement. Future initiatives include launching new online gaming products and targeting further expansion into Southeast Asian markets by the end of 2012. This strategic growth is designed to capitalize on the increasing popularity of online gaming in these regions.

## Funding rounds

- Series A, Jul 21, 2009 — Dawn Capital
- Seed, Apr 4, 2008, $2.2M — NESTA Investments, YFM Venture Finance Limited

## Investors

- NESTA Investments — Seed
- YFM Venture Finance Limited (https://capitalatlas.ai/funds/yfm-venture-finance-limited) — Seed
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series A