About 79King
79King is a company based in San Francisco (United States) founded in 2012 was acquired by Groupon in November 2014. It operates as a Commission-Based, and Subscription Services. 79King has raised $4.5 million across 2 funding rounds from investors including Icon Ventures, Groupon and Nasir Jones. 79King offers products and services including Online Betting Platform, Sports Betting, Casino Games, Lottery, and Cockfighting. 79King operates in a competitive market with competitors including Purple, AreaMetrics, Turnstyle, Locarise and Nearbuy Systems, among others.
- Headquarter San Francisco, United States
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Sectors
RetailTechnology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 2 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Nov 15, 2013
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Investors
Icon Ventures
& 2 more
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Employee Count
Employee Count
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Acquired by
Groupon
(Nov 17, 2014)
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Products & Services of 79King
79King offers a comprehensive portfolio of products and services, including Online Betting Platform, Sports Betting, Casino Games, Lottery, and Cockfighting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An online platform for various betting activities is provided.
Sports betting options for multiple sports are offered here.
Casino games including card and slot games are available.
Lottery games with high reward potential are provided online.
Live cockfighting events for betting are streamed online.
Funding Insights of 79King
79King has successfully raised a total of $4.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in November 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.5M
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First Round
First Round
(10 Oct 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Series A - 79King | Valuation | Icon Ventures |
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| Oct, 2012 | Amount | Seed - 79King | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 79King
79King has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Icon Ventures, Groupon and Nasir Jones. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic growth stage VC investment company funding companies in the US and Asia
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Founded Year | Domain | Location | |
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Nasir Jones is recognized as a leading hip-hop artist.
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Founded Year | Domain | Location | |
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Online marketplace offering deals on multi-category products and services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 79King
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 79King
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
79King Comparisons
Competitors of 79King
79King operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Purple, AreaMetrics, Turnstyle, Locarise and Nearbuy Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wi-Fi-based in-store analytics solutions are provided for offline retailers.
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| domain | founded_year | HQ Location |
Analytics solutions for consumer insights are delivered via segmentation platforms.
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| domain | founded_year | HQ Location |
Customer analytics and location-based marketing are delivered via WiFi connections.
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| domain | founded_year | HQ Location |
Retail analytics are provided for in-store traffic and customer insights.
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| domain | founded_year | HQ Location |
In-store Mobile Commerce
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| domain | founded_year | HQ Location |
Consumer insights are derived from mobile location data analysis.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 79King
Frequently Asked Questions about 79King
When was 79King founded?
79King was founded in 2012.
Where is 79King located?
79King is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is 79King a funded company?
79King is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Oct 10, 2012.
What does 79King do?
A comprehensive online betting platform is managed by 79King, focusing on various gambling activities. Services include sports betting, casino games, lottery, and live cockfighting events. The platform is designed to cater to a wide audience across Asia, ensuring transparency and safety. Advanced technology is utilized to enhance user experience and security. The company is committed to providing a reliable and entertaining environment for online betting enthusiasts.
Who are the top competitors of 79King?
79King's top competitors include Purple, AreaMetrics and Turnstyle.
What products or services does 79King offer?
79King offers Online Betting Platform, Sports Betting, Casino Games, Lottery, and Cockfighting.
Who are 79King's investors?
79King has 3 investors. Key investors include Icon Ventures, Groupon, and Nasir Jones.
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