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Eneba raises $8M from InReach, Practica and VInted’s Mikuckas to grow gaming marketplace

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Eneba raises $8M from InReach, Practica and VInted's Mikuckas to grow gaming marketplace
Eneba raises $8M from InReach, Practica and VInted's Mikuckas to grow gaming marketplaceReading Time: 3 minutes

Slick localized buying experience, innovative approach to fraud and automated local gaming trend detection contribute to Eneba’s status as a preferred marketplace for gaming community with stratospheric growth to 26M users 

Eneba (www.eneba.com), the world’s fastest growing marketplace for gamers, has today announced that it has raised a total of $8M led by Practica Capital and InReach Ventures, the AI-powered venture capital firm, with contribution from FJ Labs and a group of established Angel investors including Mantas Mikuckas, COO of Vinted.

Launched in 2018 by two Lithuanian school friends, Vytis Uogintas and Žygimantas Mikšta, Eneba provides a marketplace for gamers to safely purchase everything they need for the world’s most popular games. Combining an unrivalled buying experience with superior proprietary security features, Eneba has already attracted a community of 26 million unique users.

Operating under the radar until now, Eneba has quickly made an impact in the gaming sector thanks to its new approach, where previously others have not innovated. Eneba presented the market with a superior ‘one-click buy’ gamer experience and a faster, more secure service by using proprietary machine learning and fingerprinting technology.

The team also created localised gaming experiences that proved an immediate hit with gamers by using automatic optimising discovery tools for locally trending gaming products.

As COVID-19 struck Eneba was already growing fast, but, with an increased shift to digital entertainment, the startup experienced exponential growth and an increased interest from US gamers; now the company’s fastest growing geography.

“We had a lot of new users coming to Eneba during these uncertain times. While it was extremely satisfying to see our numbers increasing tenfold, there was a challenge to meet the demand. To better reflect our user numbers, we had to quickly expand our team,” said Co Founder and CMO, Žygimantas Mikšta. “We now have a 130-strong team of brilliant software developers, risk analysts and marketing experts that have built a delightful experience for 26 million consumers across multiple geographies such as the UK, Germany, Lithuania, Spain, France, Poland, and other European countries.”

As the startup grew, there were many challenges for the company in order to maintain its new found momentum. Vytis Uogintas, CO Founder and CEO said that rapid organization growth has been one of the biggest to date. However, he also emphasizes that Eneba’s breakthrough has been determined by the team.

“Finding people you can trust and who share your vision is not easy. However, we had plenty of contacts from our previous ventures that kickstarted the whole process. Right from the get-go, we were emphasizing our company culture as our top priority. For me, it’s much more enjoyable to see happy colleagues and when they’re happy, it’s easier to communicate with them and reach desired goals.”

Eneba will use its funding to accelerate investments in product development making the platform faster, safer and easier to use, and to expand further in the US and across other key global markets.  To prepare for this roll-out, Eneba has developed its own risk management system. The new system was developed in-house to better fit the company’s goals. It eliminates many risky transactions, simplifies the refunding process, and blocks majority fraud threats, thus making Eneba stand as one of the safest marketplaces on the internet.

 

“We are thrilled to be backing Vytis and Žygimantas. We’ve been impressed by their ability to execute at such speed as their company quickly scales, and to drive an incredible product with a unique value proposition for gamers. It also could not have come at a better time. We are excited to support one more team from the Baltics that has a clear ambition to lead their sector globally,” said Donatas Keras, partner at Practica Capital.

Co-founder of InReach Ventures, Roberto Bonanzinga, said “In Europe we have a tradition of building successful companies in the gaming space. We are very excited to have discovered Eneba thanks to our AI platform when the company was unknown and under the radar. We have been extremely impressed by what the founders have been able to build in such a short amount of time.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eneba raises M from InReach, Practica and VInted’s Mikuckas to grow gaming marketplace

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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ACR POKER’S PUNTA DEL ESTE SATELLITES BRING PLAYERS BACK TO URUGUAY FOR THE ULTIMATE POKER ADVENTURE

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Turn $95 into a shot at the $500,000 guaranteed Enjoy Poker Tour Main Event

ACR Poker’s popular Punta del Este Satellites return this month, offering players an incredible opportunity to win a dream poker vacation to the sun-soaked shores of Uruguay for the Enjoy Poker Tour in May.

“Our Punta del Este Satellites are always a hit, offering players a shot at the $500,000 GTD Enjoy Poker Tour Main Event in Uruguay,” said ACR Pro Chris Moneymaker. “With ACR Poker guaranteeing another round of packages, this is the perfect chance for players to turn a small buy-in, or even a free entry, into an unforgettable poker adventure. I can’t wait to see who wins their way there.”

The Punta del Este Satellites are guaranteeing 16 exclusive packages, worth $88,000 total, during ACR Poker’s Beast Tournament. Satellites take place on Sunday, March 9th and 16th at 5:05pm ET, with eight guaranteed packages up for grabs in each. Players can secure their seat for $95 or qualify for free by ranking on the Beast weekly leaderboard.

Each package is valued at $5,500 and includes a $1,650 ticket to the $500,000 GTD Main Event, 10-nights luxury accommodation at the stunning Punta del Este Resort and Casino from May 2nd to 12th, airfare, spending money, and more. With premium poker action, pristine beaches, and top-tier amenities, it’s the perfect mix of competition and relaxation.

From epic battles to career-defining moments, ACR Pros have long been at the heart of the action at the Enjoy Poker Tour in Uruguay. Recent standout performances include ACR Pro Ana Marquez’ victory in the Ladies Event this past February, Chris Moneymaker’s impressive $179,770 win in the $1 million GTD Main Event last August and Jeff Boski’s career-best cash of $154,310 in the $3,300 buy-in High Roller.

ACR Poker has a strong history of sending players to exotic destinations, guaranteeing over 50 packages worth more than $330,000 to Uruguay last year alone. With more guaranteed packages available, players have a golden opportunity to turn a small investment into a poker trip of a lifetime just like online qualifier Daniel Fantoli from Hungary, who won his way to the Enjoy Poker Tour last month.

To stay updated on upcoming tournaments, including the Punta del Este Satellites, and add them to your calendar, check out ACR Poker’s schedule.

For more information on the Punta del Este Satellites, visit ACRPoker.eu.

 

The post ACR POKER’S PUNTA DEL ESTE SATELLITES BRING PLAYERS BACK TO URUGUAY FOR THE ULTIMATE POKER ADVENTURE appeared first on European Gaming Industry News.

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MONTECARLO CASINO IN MEXICO ENHANCES ITS ENTERTAINMENT OFFERINGS WITH CONCEPT

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Mazatlán’s MonteCarlo Casino has enhanced its entertainment offerings with the arrival of Zitro’s innovative CONCEPT cabinets, brought in partnership with Grupo Euromex.

The striking new CONCEPT line stands out for its presence, carefully designed ergonomics and comfort, and multimedia features, including an impressive light show synchronized with gameplay, capturing attention to the casino floor. The spacious ScreenDeck provides unparalleled player comfort, transforming the gaming experience with larger screens, active touchscreen game integration, and eye-catching animated sequences on the digital topper.

Players can also enjoy the medieval-themed multi-game Legendary Sword. This game features a giant 6×5 reel and special features like “Honor,” which multiplies winnings; “Glory,” which awards extra spins; and “Magic Sword,” which doubles prizes in its column.

Alberto Charlan, CFO of Grupo Euromex, was pleased with the addition of the innovative CONCEPT cabinet line, highlighting: “CONCEPT, with its advanced technology and ergonomic design, offers an immersive and one-of-a-kind gaming experience that will further enhance our customers’ preference for Zitro.”

For his part, Johnny Viveiros Ortiz, founder of Zitro, said: “We are delighted that MonteCarlo Casino has chosen our CONCEPT cabinets to offer a unique gaming experience in the industry, and we are proud to continue this successful path, together with Grupo Euromex, raising the entertainment offer for players in Mazatlán.”

The post MONTECARLO CASINO IN MEXICO ENHANCES ITS ENTERTAINMENT OFFERINGS WITH CONCEPT appeared first on European Gaming Industry News.

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Infinix GT PowerPlay Returns with Season 2, Bringing India’s Aspiring Gamers into the Spotlight

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With a grand prize of ₹1 lakh, Infinix GT PowerPlay Season 2 kicks off for up-and-coming gamers

Infinix, a new-age tech brand known for its smartphones and laptops. Infinix, a leading tech brand, has announced the return of the GT PowerPlay Esports Tournament – Season 2, one of India’s largest open-entry BGMI (Battlegrounds Mobile India) competitions. With a ₹1 lakh prize pool and participation from over 1,000 teams, the tournament aims to strengthen India’s grassroots e-sports ecosystem by providing a platform for emerging talent. This multi-stage tournament received a strong response in its debut season, with 5000+ participants and top gaming influencers like Smitha Plays, Gigga, Lapid, Mastizone Gaming, and Mayur Gaming joining the action.

The GT PowerPlay Esports Tournament – Season 2 will be managed by Glazer Games,overseeing logistics and fair play to ensure a seamless competitive experience for players and spectators. With this event, Infinix continues to invest in India’s growing gaming ecosystem, providing a platform for emerging talent while reinforcing its presence in the gaming market.

Anish Kapoor, CEO at Infinix India, says, “Mobile gaming is at the heart of digital entertainment today, and Infinix is proud to support aspiring gamers with cutting-edge technology and opportunities that bring them closer to their dreams. With a robust gaming ecosystem at Infinix India—including devices like the GT 20 Pro and GT Book—and initiatives like GT PowerPlay, we’re strengthening our commitment to India’s gaming community by providing a platform for emerging players to showcase their skills, compete at the highest level, and engage with the growing esports ecosystem.”

Unlike many esports tournaments focusing on professional teams, GT PowerPlay Season 2 is designed exclusively for new players, eliminating rank or prior experience restrictions to ensure wider accessibility. This year, the tournament will see teams progressing through multiple stages, including qualifiers, playoffs, and finals, with matches being streamed live to a growing audience of mobile gaming enthusiasts. Community engagement will be a key focus, with Infinix activating its Discord and XClub platform for live discussions, behind-the-scenes content, and direct interactions between participants, gaming influencers, and analysts.

The event is expected to attract thousands of participants and viewers, building on the high engagement levels from the first edition. Infinix’s Discord community, which currently has over 29,000 members, will serve as a hub for tournament updates, strategy discussions, and real-time audience interactions. Gaming influencers and content creators will be involved in match analysis and community engagement, further amplifying the tournament’s reach.

The return of GT PowerPlay highlights the increasing prominence of mobile esports in India, particularly for the up-and-coming players. With BGMI’s stronghold in the Indian gaming market, tournaments like this serve as a launchpad for players who aspire to enter the professional gaming scene. As competitive gaming continues to evolve in India, GT PowerPlay Season 2 is set to become a key event in the country’s growing esports calendar.

Key Dates:
5th March: Registrations open
11th March: Registrations Close
17th February: Influencer Round
18th February: Finale Day 1
19th February: Finale Day 2

The post Infinix GT PowerPlay Returns with Season 2, Bringing India’s Aspiring Gamers into the Spotlight appeared first on European Gaming Industry News.

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