About Action Network
Action Network is a company based in Los Angeles (United States) founded in 2017 was acquired by Better Collective in May 2021.. Action Network has raised $17.5 million across 1 funding round from investors including Better Collective, Dignitas and Fertitta Capital. The company has 125 employees as of December 31, 2022. Action Network operates in a competitive market with competitors including Vegas Insider, Gaming Society, Bookmaker Rating, CalvinAyre and Footy Accumulators, among others.
- Headquarter Los Angeles, United States
- Employees 125 as on 31 Dec, 2022
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Sectors
Media & Entertainment
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Email
***********
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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
$17.5 M (USD)
in 1 rounds
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Latest Funding Round
$17.5 M (USD), Series B
Feb 21, 2019
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Investors
Better Collective
& 5 more
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Employee Count
125
as on Dec 31, 2022
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Acquired by
Better Collective
(May 03, 2021)
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Software Development Team
49 people
Operations Team
31 people
Leadership Team
25 people
Senior Team
19 people
SEO Team
17 people
Human Resources and Administration
17 people
Creative and Marketing Team
16 people
Sales and Marketing
16 people
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Funding Insights of Action Network
Action Network has successfully raised a total of $17.5M through 1 strategic funding round. The most recent funding activity was a Series B round of $17.5 million completed in February 2019. 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 1
- Last Round Series B — $17.5M
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First Round
First Round
(21 Feb 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Series B - Action Network | Valuation | Fertitta Capital |
| 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 Action Network
Action Network has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Better Collective, Dignitas and Fertitta Capital. 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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Private equity firm focused on making growth equity investments in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in gaming, Web3, and AI technologies.
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Founded Year | Domain | Location | |
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Tech & offline focused Startup Studio building startups and investing in the US
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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.
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Founded Year | Domain | Location |
Investments & Acquisitions by Action Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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 - Action Network
| 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 |
Action Network Comparisons
Competitors of Action Network
Action Network 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 Vegas Insider, Gaming Society, Bookmaker Rating, CalvinAyre and Footy Accumulators, 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 |
Provider of online sports betting news and information
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| domain | founded_year | HQ Location |
Provider of an online betting news platform for multiple sports
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| domain | founded_year | HQ Location |
Developer of an online publication about sports betting
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| domain | founded_year | HQ Location |
Online platform providing gambling news
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| domain | founded_year | HQ Location |
Provides football betting tips, predictions, accumulators, and strategies for UK users.
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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 Action Network
Frequently Asked Questions about Action Network
When was Action Network founded?
Action Network was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Action Network located?
Action Network is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Action Network a funded company?
Action Network is a funded company, having raised a total of $17.5M across 1 funding round to date. The company's 1st funding round was a Series B of $17.5M, raised on Feb 21, 2019.
How many employees does Action Network have?
As of Dec 31, 2022, the latest employee count at Action Network is 125.
What does Action Network do?
Action Network was founded in 2017 in Los Angeles, United States, as an online media portal in the sports betting sector. News and analysis for various sports, including NFL, MLB, golf, and soccer, are provided. Operations include a mobile app available on Android and iOS platforms, serving users with betting-related content and updates.
Who are the top competitors of Action Network?
Action Network's top competitors include Vegas Insider, Bookmaker Rating and Gaming Society.
Who are Action Network's investors?
Action Network has 6 investors. Key investors include Better Collective, Dignitas, Fertitta Capital, BITKRAFT, and RSE Ventures.
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