About DuelNow
DuelNow is a company based in Lisbon (Portugal) founded in 2023 by Hayden Hyun Yong Lee.. DuelNow has raised $11 million across 1 funding round from investors including GEM Digital and Billy Markus. DuelNow operates in a competitive market with competitors including Lucra Sports, ZenSports, Novig, Smarkets and PickGuru, among others.
- Headquarter Lisbon, Portugal
- Founders Hayden Hyun Yong Lee
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Sectors
Media & EntertainmentConsumer
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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
$11 M (USD)
in 1 rounds
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Latest Funding Round
$11 M (USD), Series B
Aug 01, 2024
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Investors
GEM Digital
& 1 more
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Employee Count
Employee Count
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Funding Insights of DuelNow
DuelNow has successfully raised a total of $11M through 1 strategic funding round. The most recent funding activity was a Series B round of $11 million completed in August 2024. 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 — $11.0M
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First Round
First Round
(01 Aug 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series B - DuelNow | Valuation | Gem Dgital |
| 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 DuelNow
DuelNow has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include GEM Digital and Billy Markus. 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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A digital asset investment firm based in The Bahamas.
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Founded Year | Domain | Location | |
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BM
Billy Markus |
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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 DuelNow
| 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 - DuelNow
| 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 |
Duelnow Comparisons
Competitors of DuelNow
DuelNow 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 Lucra Sports, ZenSports, Novig, Smarkets and PickGuru, 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 P2P sports betting platform
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| domain | founded_year | HQ Location |
Crypto-based e-sports betting platform is provided for users.
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| domain | founded_year | HQ Location |
Provider of a P2P sports betting platform
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| domain | founded_year | HQ Location |
Sports betting exchange platform facilitated for user-to-user wagers.
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| domain | founded_year | HQ Location |
Provider of P2P sports betting platform
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| domain | founded_year | HQ Location |
A decentralized sports betting platform is developed for multiple sports.
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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 Duelnow
Frequently Asked Questions about DuelNow
When was DuelNow founded?
DuelNow was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is DuelNow located?
DuelNow is headquartered in Lisbon, Portugal.
Is DuelNow a funded company?
DuelNow is a funded company, having raised a total of $11M across 1 funding round to date. The company's 1st funding round was a Series B of $11M, raised on Aug 01, 2024.
What does DuelNow do?
DuelNow was established in 2023 in Lisbon, Portugal, as a decentralized sports prediction marketplace. Peer-to-peer wagers are facilitated on the platform, where users can place bets and resolve outcomes based on their agreements. Operations focus on blockchain-based betting activities within the fintech and gaming sectors, serving global participants through its domain, duelnow.com. Leadership includes co-founder Hayden Hyun Yong Lee.
Who are the top competitors of DuelNow?
DuelNow's top competitors include Novig, Lucra Sports and Splash Sports.
Who are DuelNow's investors?
DuelNow has 2 investors. Key investors include GEM Digital, and Billy Markus.
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