What is Athos?
Athos, formerly known as MAD Apparel, Inc., is a company deeply entrenched in the iGaming sector. Its core operations revolve around the development and distribution of online betting and gaming products. The company offers a diverse portfolio of gaming options, including popular titles such as Madame Destiny Megaways and Sweet Bonanza, catering primarily to the Thai market with competitive betting opportunities and low entry costs. Athos prioritizes a secure gaming environment, implementing SSL technology and supporting various payment methods, including True Wallet, to ensure a safe and accessible user experience.
How much funding has Athos raised?
Athos has raised a total of $51.2M across 3 funding rounds:
Angel/Seed
$3.5M
Series B
$12.2M
Series C
$35.5M
Angel/Seed (2013): $3.5M with participation from Social Capital
Series B (2014): $12.2M led by The Social+Capital Partnership, DCM, and True Ventures
Series C (2015): $35.5M supported by DCM Ventures, MAS Holdings, Social Capital, Felix Capital, True Ventures, and Lightspeed Venture Partners
Key Investors in Athos
The Social+Capital Partnership
The Social+Capital Partnership is a venture capital firm focused on advancing humanity by solving the world's hardest problems through empowering entrepreneurs.
DCM
DCM is a venture capital firm that invests in early-stage technology companies, particularly in the enterprise and consumer sectors.
True Ventures
True Ventures is a founder-first venture capital firm that supports early-stage technology and AI-driven companies.
What's next for Athos?
The substantial enterprise-level funding Athos has garnered, particularly the recent strategic investment, signals a strong growth trajectory and an expansion phase. This capital infusion is likely to be directed towards enhancing its iGaming product development, expanding its market reach within Thailand and potentially into new territories, and bolstering its technological infrastructure for security and user experience. The company's focus on secure gaming and diverse payment options positions it well to capitalize on the growing online entertainment market. Future strategies may involve strategic partnerships within the iGaming ecosystem and further diversification of its game offerings to maintain a competitive edge.
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