SAINTLY (Option Deal - EXITED)

Saintly owns a cutting-edge crypto wagering technology platform. The company is run by an elite team with a wealth of experience in developing top-tier wagering technology. We were particularly excited by Saintly’s B2B opportunity to white-label its platform.

Waterhouse VC signed a 3-year option to buy 20% of Saintly. Our internal estimate of the cost to rebuild Saintly’s existing technology was significantly higher than the valuation ascribed to the company.

Saintly raised US$2,000,000 for the launch of its own B2C brand. As Waterhouse VC primarily focuses on B2B rather than B2C, we decided to exit our option in Saintly.

Waterhouse VC’s option was sold in August 2023 for 2,180% above our option conversion price, delivering a 23x return for our investors.