What is Athos?
Athos, previously known as MAD Apparel, Inc., is a dynamic entity operating within the iGaming sector. The company specializes in the development and distribution of online betting and gaming products, offering a diverse portfolio that includes popular slot titles such as Madame Destiny Megaways and Sweet Bonanza. Primarily serving the Thai market, Athos provides competitive betting opportunities with accessible low starting costs. A key focus for the company is ensuring secure gaming experiences, implementing robust SSL technology and offering a variety of payment methods, including True Wallet, to cater to its user base.
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 True Ventures, The Social+Capital Partnership, and DCM
Series C (2015): $35.5M supported by Felix Capital, True Ventures, Lightspeed Venture Partners, Social Capital, DCM Ventures, and MAS Holdings
Key Investors in Athos
Social Capital
Social Capital is an organization focused on advancing humanity by solving the world's hardest problems, empowering entrepreneurs who seek to improve lives globally. They identify hard problems and assemble experts, IP, and experiments to gain deep understanding before executing solutions through building, buying, or investing.
Felix Capital
Felix Capital is a venture capital firm that supports entrepreneurs at the intersection of technology and creativity, helping them develop strong brands that enhance the human experience. They invest in innovative ideas aimed at shaping the future.
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance, and community to help build enduring technology and AI-driven companies.
What's next for Athos?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for Athos. This capital infusion is likely to fuel aggressive expansion initiatives, potentially including the enhancement of its iGaming product suite, broader market penetration into new territories, and further development of its secure gaming infrastructure. The company's trajectory suggests a move towards scaling its operations and solidifying its competitive position within the global iGaming landscape, with a continued emphasis on player security and diverse gaming options.
See full Athos company page
