Summary
- Startups must secure all necessary documentation during the application process, including profit and loss statements, pitch decks, KYC information, and any other materials required by the platform.
- Investors receive a notification once their application has been processed and confirmed as legitimate by VenturePapa.
- Finalizing a deal is often the last step, with startups, investors, and VenturePapa working together to negotiate the potential details of an agreement.
AffPapa, the company renowned for organizing the successful iGaming Club, a networking-centric event in the iGaming industry, has announced an innovative initiative called VenturePapa. VenturePapa serves as a marketplace linking iGaming startups with investors, positioning itself alongside other major projects like SBC’s First Pitch and ICE’s LaunchPad. Unlike typical competitions where a single winner receives funding, AffPapa's unique approach allows any startup to secure investment if they can persuade investors of the potential in their ideas. Securing investment is crucial for building a sustainable business, and VenturePapa provides a platform for companies to pitch their projects to over 30 investment firms. It facilitates seamless communication between startups and investors without charging intermediary fees. Currently, the marketplace hosts more than 30 verified investors and over 100 startups. VenturePapa simplifies the funding process, offering companies a streamlined path to obtain financial backing from credible sources. Several steps are involved in qualifying for funding. AffPapa CEO Levon Nikoghosyan expressed enthusiasm for this new venture, saying,
