About BetDEX
BetDEX is a company based in Claymont (United States) founded in 2021 by Stuart Tonner, Varun Sudhakar, and Nigel Eccles.. BetDEX has raised $21 million across 1 funding round from investors including FTX, Lightspeed Venture Partners and Multicoin Capital. The company has 12 employees as of December 31, 2022. BetDEX operates in a competitive market with competitors including Binance, Zumo, Fasset, Impossible Finance and Yunphant, among others.
- Headquarter Claymont, United States
- Employees 12 as on 31 Dec, 2022
- Founders Stuart Tonner, Varun Sudhakar, Nigel Eccles
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Sectors
Media & EntertainmentFinancial Services Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Betdex Labs Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21 M (USD)
in 1 rounds
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Latest Funding Round
$21 M (USD), Seed
Nov 17, 2021
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Investors
FTX
& 7 more
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Employee Count
12
as on Dec 31, 2022
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Funding Insights of BetDEX
BetDEX has successfully raised a total of $21M through 1 strategic funding round. The most recent funding activity was a Seed round of $21 million completed in November 2021. 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 Seed — $21.0M
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First Round
First Round
(17 Nov 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - BetDEX | Valuation | Paradigm , FTX |
| 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 BetDEX
BetDEX has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include FTX, Lightspeed Venture Partners and Multicoin 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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Venture capital investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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Web3 venture capital firm partnering on blockchain projects.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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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 BetDEX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - BetDEX
| 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 |
Betdex Comparisons
Competitors of BetDEX
BetDEX 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 Binance, Zumo, Fasset, Impossible Finance and Yunphant, 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 |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Crypto-as-a-service infrastructure is delivered for digital asset integration.
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| domain | founded_year | HQ Location |
Fasset is recognized as a financial super app for managing investments and payments.
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| domain | founded_year | HQ Location |
Decentralized financial products are enabled via a DeFi platform.
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| domain | founded_year | HQ Location |
Blockchain platform for financial applications is provided as a service.
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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 Betdex
Frequently Asked Questions about BetDEX
When was BetDEX founded?
BetDEX was founded in 2021.
Where is BetDEX located?
BetDEX is headquartered in Claymont, United States. It is registered at Claymont, Delaware, United States.
Who is the current CEO of BetDEX?
Varun Sudhakar is the current CEO of BetDEX. They have also founded this company.
Is BetDEX a funded company?
BetDEX is a funded company, having raised a total of $21M across 1 funding round to date. The company's 1st funding round was a Seed of $21M, raised on Nov 17, 2021.
How many employees does BetDEX have?
As of Dec 31, 2022, the latest employee count at BetDEX is 12.
What does BetDEX do?
BetDEX was founded in 2021 and is headquartered in Claymont, United States. A blockchain-based platform for sports betting is provided, through which users can place wagers on multiple sports events utilizing cryptocurrency. Operations focus on decentralized betting services within the fintech and gaming sectors, ensuring secure and transparent transactions across various global sports markets. Key leadership includes co-founders Stuart Tonner as CTO, Varun Sudhakar as CEO, and Nigel Eccles.
Who are BetDEX's investors?
BetDEX has 8 investors. Key investors include FTX, Lightspeed Venture Partners, Multicoin Capital, Paradigm, and Hack VC.