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Better Collective Invests in Mindway AI

Better Collective has acquired 19,99% of the shares in Mindway AI, who specializes in innovative and advanced software solutions for onling gaming. The investment aligns Better Collective’s vision to empower iGamers and help to establish an entertaining and legal environment.

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Provider of early detection and intervention solutions

Mindway AI is an award-winning company that specializes in software solutions that can identify risky sports behavior among online players. Mindway AI’s technology platform is based on neuroscience and artificial intelligence, and the company works with gaming operators, platform providers, regulators, and governments to supply state-of-the-art early detection and intervention solutions.

The company is a university spin-off by scientists from the Institute for clinical medicine at Aarhus University, among others, Professor Kim Mouridsen who has been instrumental in designing the technological solutions. Mindway AI has been through a start-up phase, it is now entering the commercial phase, and the first products and solutions are already installed and in operation with customers.

With almost 20 years of experience in iGaming, Better Collective is strongly positioned to help push Mindway AI’s technology to key stakeholders of the global online sports industry. Joining forces with Mindway AI is well-aligned with Better Collective’s vision to empower online sports bettors and balances its strong dedication towards social responsibility.

Mindway AI will operate as a stand-alone business within the Better Collective Group as the business and products are not directly related to the core business. Better Collective will be represented at the Board of Directors in Mindway AI.

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The investment in Mindway AI will not have any effect on Better Collective’s financial targets, and with the current minority interest, it will not be included in the Group Accounts other than the investment and loan itself.

Jesper Søgaard, CEO of Better Collective:

“We take our social responsibility very seriously and see this innovative technology as a perfect way to help protect online sports bettors, while at the same time engaging in a business where we foresee a sound future growth and profitability. The great team at Mindway AI has impressed us with their deep and specialized knowledge in combining artificial intelligence with true neuroscience into what we believe is the most promising product offering for the management of problems in sports,  which currently is on the top of the agenda in our industry.”

Svend Aage Kirk, CEO of Mindway AI:

“In Better Collective, we have found a strong partner that shares our core values and vision to create a transparent and safe online gaming experience. Partnering with the leading sports affiliate in the World, we can scale our technology globally. We see this as a win-win opportunity where both parties can enhance the protection for online players, while also strengthening our position in the market.”

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