Lottery courier app and technology firm Lottery.com has secured multimillion dollar investments from two groups, Generating Alpha Ltd and United Capital Investments London (UCIL).
The former will contribute $100m and the latter $150m, which the firm will use to support its expansion and acquisition ambitions. It has also partnered with Cohen & Company Capital Markets as its investment banker.
Additionally, the firm willl host a shareholder webinar at some point in the coming weeks, though not specifying a date just yet. This will mark the first time the company has hosted a webinar in three years.
This announcement comes amid a strategic reduction from the company with a renewed focus on international markets in Europe and Asia. It also comes during a time of greater political pressure on lottery couriers in the US, which are now facing a ban in both Indiana and Texas.
Matthew McGahan, Chairman and CEO of Lottery.com, said: “As we approach the final phase of this disciplined turnaround, now is the right time to directly engage with our shareholders, share our roadmap, and outline the exciting opportunities ahead.
“This journey has always been about rebuilding with integrity and ambition—and we’re ready to deliver.”
Lottery.com’s new look
Lottery.com has outlined some key objectives and strategic priorities ahead of its shareholder webinar. These include planned strategic use of funds for growth, specifically targeting a technological upgrade for the main Lottery.com platform as well as its Sports.com brand.
It also reiterated that it wants to embark on more acquisitions, an ambition outlined this month and later made good on via the takeover of Spektrum. This takeover served primarily to support planned upgrades to Sports.com.
This brand, itself an acquisition of the company having been integrated following the takeover of S&MI Ltd in September 2024, is in turn a key focus of its planned M&A and partnerships strategy. The firm is particularly keen to partner with, or potentially even acquire, a sports tech firm, seeking an upgrade of its media technology capabilities.
In its most recent update, Lottery.com stressed that it wants to close takeovers that “accelerate profits and deliver shareholder value”. Another unrelated objective is to strengthen its balance sheet and fund innovation across digital lottery and sports entertainment.