# Vringo

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.vringoip.com/cgi-bin/index.pl
- Total disclosed funding: $12M
- Latest round: Series B (Jul 31, 2007)
- Investors on record: 1

## About

Vringo, Inc. specializes in online gambling solutions, providing a range of products and services including sports betting, casino games, and slot gaming tailored for diverse users in the gambling sector.Founded in 2006, Vringo, Inc. operates in New York, US, offering online gambling products. The company went public in 2010 and has maintained its focus on innovation in the gambling space. The latest funding round was a PIPE in June 2010, raising USD 0.85 mn with investors including Benchmark and DAG Ventures. Overall, Vringo has completed six notable financial deals since its inception.Vringo, Inc. offers an extensive suite of online gambling products, featuring sports betting, online casino games, and slot games aimed at both amateur and professional gamblers. The platform provides an engaging user experience, addressing common barriers to online gambling accessibility. The company primarily focuses on markets in Southeast Asia, especially Thailand.In the most recent fiscal year of 2023, Vringo, Inc. reported a revenue of USD 30.11 mn, with an EBITDA of USD -24.66 mn. Revenue is generated through user engagement on the online gambling platform, leveraging a model that adapts to individual betting behaviors.Moving forward, Vringo, Inc. aims to expand its product offerings and enhance its platform capabilities. With the recent funding from June 2010, the company plans to invest in new gaming products and feature enhancements designed for user engagement. Additionally, there are intentions to explore further market penetration in Southeast Asia, focusing on regions like Thailand, where online gambling continues to grow.

## Funding rounds

- Series B, Jul 31, 2007, $12M — Warburg Pincus

## Investors

- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series B