Gaming technology firm Game Account Network (GAN) has secured a £1.3 million ($1.7 million) from Irish billionaire Dermot Desmond.

The investment was in the form of 3.25 million ordinary shares that GAN issued at 40 pence each to Desmond’s International Investment and Underwriting (IIU). The share placing represents 4.6 percent of the online gaming technology firm’s enlarged issued share capital, in which IIU is already a major investor.

The company, headed by Dermot Smurfit Junior, said it plans to use the net proceeds to accelerate product development and new client delivery following a surge in U.S. corporate demand for its products.

“Additional capital allows us to accelerate the development of our technical capability to deliver the product requirements of our growing list of corporate clients and bring new clients online,” Smurfit said in a statement. “The positive and unexpected surge in US corporate demand for GAN’s unique services requires increased delivery capability.”