# Offmade

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.offmade.io
- Total disclosed funding: $1.2M
- Latest round: Seed (Aug 9, 2019)
- Investors on record: 4

## About

Offmade GmbH is an online gaming platform based in Berlin, Germany, specializing in a variety of entertainment services, particularly in online betting and casino games.Founded in 2019, Offmade GmbH operates an online platform that provides various gaming experiences, including sports betting and casino games. The company has not undergone any significant pivots or changes in operations since its inception. Offmade GmbH is headquartered in Berlin, Germany, and was founded by Lennart Christel, who serves as CEO. In August 2019, the company raised EUR 1.1 million in Seed funding led by Rocket Internet SE, with participation from APX Group, Global Founders Capital, and Vealo Ventures. This funding represents the total amount raised by the company to date, with a current valuation of EUR 4.81 million.Offmade GmbH operates the online gaming platform 99OK, which features a wide range of entertainment services, focusing on online betting and casino games. The platform, launched in 2016, offers users various gaming experiences, including traditional casino games, sports betting, and lottery services. 99OK ensures a secure and engaging environment for its users, adhering to international gaming regulations. The company targets a growing client base of online gamers and bettors, primarily in Southeast Asia, particularly Vietnam, enhancing its reach through user-friendly interfaces on both its website and mobile application.The revenue model of Offmade GmbH is centered around transactional activities linked to its online gaming services. Users engage with the platform through registrations and deposits to participate in various gaming activities. The company operates directly with consumers, generating revenue through betting fees, in-game purchases, and commissions from partnerships with game developers. Pricing plans and fee structures are designed to enhance user engagement and retention, reflecting the company’s focus on delivering value within the competitive online gaming market.Offmade GmbH is focused on expanding its market presence and enhancing its product offerings. The recent Seed funding round of EUR 1.1 million will support the company’s initiatives, including the development of new gaming products and the enhancement of its platform. While specific release dates for new products have not been disclosed, the company intends to target broader markets in Southeast Asia beyond Vietnam. These efforts aim to bolster Offmade GmbH's competitive position and drive revenue growth.

## Funding rounds

- Seed, Aug 9, 2019, $1.2M — Rocket Internet SE, APX Group, Global Founders Capital, Vealo Ventures

## Investors

- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Seed
- APX Group — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Vealo Ventures (https://capitalatlas.ai/funds/vealo-ventures) — Seed