Gaming and e-sports firm NODWIN Gaming on Monday said it has officially initiated a pre-IPO fundraising round and strengthened its leadership with the appointment of Arnd Benninghoff to its board of directors.
The funding round will comprise a mix of primary issuance to fund the company's global expansion via organic growth and strategic acquisitions, alongside a secondary sale providing liquidity to existing shareholders, the company said in a statement.
NODWIN said it has returned to EBITDA profitability with a 42% year-on-year increase in revenue, reaching $58.5 million in the first nine months of FY 2026.
2 March 2026
Get the latest issue of Outlook Business
Currently the Executive Vice President of Gaming at Modern Times Group (MTG), Benninghoff leads the group's strategic investments and portfolio growth since 2014.
