{"id":152312,"date":"2020-10-18T21:26:44","date_gmt":"2020-10-19T04:26:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=152312"},"modified":"2020-10-19T11:27:41","modified_gmt":"2020-10-19T18:27:41","slug":"betsperts-hits-over-1-million-in-its-second-funding-round","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/","title":{"rendered":"BETSPERTS Lands Another Seven-Digit Funding Round, Eyes LinkedIn Status"},"content":{"rendered":"

BETSPERTS, a social media platform focusing on sports betting, said it recently closed its second round of seven-figure venture funding, bringing in several new investors in the process.<\/p>\n

\"betsperts\"
Betsperts, a social media betting platform, hit seven figures again in its second funding round. (Image: PR Newswire)<\/figcaption><\/figure>\n

The Chicago-based company didn’t disclose how much it landed in the most recent seeding round. Earlier this year, the crowd-sourced app completed a funding round<\/a> of more than $1 million.<\/p>\n

With the investments in 2020, we have the opportunity to scale at a greater rate and capitalize on the rapid growth of our target market,\u201d said BETSPERTS CEO and co-founder Reid Rooney in a statement.<\/p><\/blockquote>\n

Across seed, venture, corporate venture, and private equity rounds, venture-backed companies raised a combined $129 billion in the first half of 2020, indicating investors weren’t deterred by the coronavirus pandemic.<\/p>\n

Good Timing, Big Comparison<\/h2>\n

Although COVID-19 could have been a hurdle for companies seeking venture capital, investors are willing to back companies in iGaming and sports wagering arenas based on compelling growth estimates<\/a> \u2013 forecasts that are expected to grow as more states legalize one or both of the endeavors.<\/p>\n

\n

Last year, sports wagering was a $1 billion industry in the US. Even some of the most conservative analyst estimates project that figure will grow six- or seven-fold over the next five years, with more ambitious forecasts calling for sports betting and online casinos to be worth $20 billion or more by 2030.<\/p>\n<\/div>\n

Those forecasts coupled with BETSPERTS’ unique positioning in the landscape could make it an attractive destination for venture dollars. The firm doesn’t compete with gaming companies and sportsbook operators. Rather, it serves as a social media venue, offering free and subscription services where bettors can connect with each other, post bets, and follow handicappers.<\/p>\n

\u201cI could see BETSPERTS becoming the LinkedIn of sports betting,\u201d said a product director at DraftKings<\/strong>.<\/p>\n

Well-Known Angels<\/h2>\n

Among the angel investors participating in the latest BETSPERTS capital raise are Numeria Capital, led by Jason Searfoss, and Bettor Capital, led by Dave VanEgmond.<\/p>\n

Colorado-based Numeria provides financing to \u201csmall and middle-market companies, start-up accelerators, and venture capital funds.\u201d The firm has investments in healthcare, lifestyle, and technology companies, among others.<\/p>\n

The investment in BETSPERTS isn’t VanEgmond’s first rodeo in the sports betting space. He previously worked at FanDuel and Barstool Sports<\/i>, where he was one of the architects of that media property selling a 36 percent stake for $163 million<\/a> in cash and equity to Penn National Gaming (NASDAQ:PENN) earlier this year.<\/p>\n

He also played a leading role in orchestrating FanDuel selling 60 percent of itself to Paddy Power Betfair for $500 million. VanEgmond was already a board member and BETSPERTS shareholder prior to the latest investment.<\/strong><\/p>\n

\u201cI believe this capital will allow the company to continuing engaging and educating bettors across the country,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

BETSPERTS, a social media platform focusing on sports betting, said it recently closed its second round of seven-figure venture funding, bringing in several new investors in the process. The Chicago-based company didn’t disclose how much it landed in the most recent seeding round. Earlier this year, the crowd-sourced app completed a funding round of more […]<\/p>\n","protected":false},"author":46,"featured_media":152314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nBETSPERTS Hits Over $1 Million in its Second Funding Round<\/title>\n<meta name=\"description\" content=\"BETSPERTS, a social media property connecting sports bettors, raised more than $1 million in second venture round.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BETSPERTS Hits Over $1 Million in its Second Funding Round\" \/>\n<meta property=\"og:description\" content=\"BETSPERTS, a social media property connecting sports bettors, raised more than $1 million in second venture round.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-19T04:26:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-19T18:27:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/\",\"url\":\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/\",\"name\":\"BETSPERTS Hits Over $1 Million in its Second Funding Round\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg\",\"datePublished\":\"2020-10-19T04:26:44+00:00\",\"dateModified\":\"2020-10-19T18:27:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"BETSPERTS, a social media property connecting sports bettors, raised more than $1 million in second venture round.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg\",\"width\":2560,\"height\":2560,\"caption\":\"Betsperts, a social media betting platform, hit seven figures again in its second funding round. (Image: PR Newswire)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rumors\",\"item\":\"https:\/\/www.casino.org\/news\/rumors\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"BETSPERTS Lands Another Seven-Digit Funding Round, Eyes LinkedIn Status\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BETSPERTS Hits Over $1 Million in its Second Funding Round","description":"BETSPERTS, a social media property connecting sports bettors, raised more than $1 million in second venture round.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/","og_locale":"en_US","og_type":"article","og_title":"BETSPERTS Hits Over $1 Million in its Second Funding Round","og_description":"BETSPERTS, a social media property connecting sports bettors, raised more than $1 million in second venture round.","og_url":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-10-19T04:26:44+00:00","article_modified_time":"2020-10-19T18:27:41+00:00","og_image":[{"width":2560,"height":2560,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/","url":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/","name":"BETSPERTS Hits Over $1 Million in its Second Funding Round","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg","datePublished":"2020-10-19T04:26:44+00:00","dateModified":"2020-10-19T18:27:41+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"BETSPERTS, a social media property connecting sports bettors, raised more than $1 million in second venture round.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/betsperts-scaled.jpg","width":2560,"height":2560,"caption":"Betsperts, a social media betting platform, hit seven figures again in its second funding round. (Image: PR Newswire)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/betsperts-hits-over-1-million-in-its-second-funding-round\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Rumors","item":"https:\/\/www.casino.org\/news\/rumors\/"},{"@type":"ListItem","position":3,"name":"BETSPERTS Lands Another Seven-Digit Funding Round, Eyes LinkedIn Status"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/152312"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=152312"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/152312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/152314"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=152312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=152312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=152312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}