# MateCrate UG

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

- Industry: Software
- Headquarters: Hamburg, Germany
- Website: www.city-masters.de
- Total disclosed funding: $1.6M
- Latest round: Seed (May 29, 2019)
- Investors on record: 3

## About

MateCrate UG operates a platform that connects users with licensed online casinos, focusing on compliance and player safety. They provide curated listings that ensure a secure and enjoyable gaming experience for players across Europe.Founded in 2017 by Sebastian Kuch, MateCrate UG is based in Hamburg, Germany. The company specializes in online gambling and has executed two deals, the most recent being a Seed funding round in May 2019 where they raised EUR 1.4 million, led by Olympia-Verlag GmbH, along with other investors. The total amount raised to date is EUR 1.4 million, with a current valuation of EUR 7.385 million.MateCrate UG offers a comprehensive platform for online gambling, featuring a curated list of German-licensed and EU-licensed casinos. Their services include a variety of games such as slots, table games, and live dealer options, catering to diverse player preferences. The company highlights legal compliance and player safety, providing users with access to reputable casinos primarily in Germany and across Europe.The revenue model for MateCrate UG is based on affiliate partnerships with online casinos, earning commissions on player sign-ups and activities. Clients looking for legitimate gambling options can navigate the platform, often registering through affiliate links for various casinos. Commission rates are determined by agreements with partnered casinos, influenced by performance metrics such as user engagement. The platform's emphasis on substantial bonuses and promotions aids in attracting users and driving revenue for partners.Following the recent Seed funding round in May 2019, where MateCrate UG raised EUR 1.4 million, the company plans to enhance its platform by launching new products that cater to emerging trends in online gambling. They aim to expand their reach into additional European markets by the end of 2023, leveraging funds to improve technology and marketing strategies. This growth strategy is aligned with their goal of increasing user engagement and establishing a stronger foothold in the online gaming sector.

## Funding rounds

- Seed, May 29, 2019, $1.6M — Olympia-Verlag GmbH, Innovationsstarter Fonds Hamburg, SPM Sportplatz Media GmbH

## Investors

- Olympia-Verlag GmbH — Seed
- Innovationsstarter Fonds Hamburg (https://capitalatlas.ai/funds/innovationsstarter-fonds-hamburg) — Seed
- SPM Sportplatz Media GmbH — Seed