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[Funding alert] Raffolux Raises £1.5M Funding From Media Company UKTV Ventures

Raffolux, a provider of digital raffles, today disclosed a £1.5 million investment made through a "airtime-for-equity" agreement with UKTV Ventures, a media firm.
Gerry Lianos, CEO and Co-founder – Raffolux

Raffolux, a provider of digital raffles, today disclosed a £1.5 million investment made through a “airtime-for-equity” agreement with UKTV Ventures, a media firm.

People have the opportunity to win incredible prizes online through Raffolux, and every time they play, they may also contribute to a charity of their choosing.

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Gerry Lianos, Co-founder of Raffolux, commented, “We are extremely excited about this partnership with UKTV Ventures and see this not only as a brilliant opportunity to propel the brand to new heights, but also to continue to raise money for our brilliant charity partners.”

The business has donated more than £11 million in prizes to more than 65,000 winners and raised more than £600,000 for local charity.

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Brendan Kilcawley, Director of UKTV Ventures, said, “It is an exciting time to be partnering with Raffolux, and we are happy that the team is embracing the power of TV advertising to boost brand awareness and accelerate their growth. It is a pleasure to work with Gerry and the Raffolux team and we look forward to seeing their advert on the UKTV network over the next year.”

About Raffolux

People can play at Raffolux for a chance to win incredible prizes online while also supporting a charity of their choosing each time they play. With ticket prices starting at less than a pound, they think that everyone should have the opportunity to realise their dream, whether it is enjoying the trip of a lifetime, driving a brand-new SUV, or accessorising with the newest technology.

Read also – [Funding alert] Nortech AI Secures €2.5M Seed Funding From Indico Capital Partners, Others

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