About Gamblit Gaming
Gamblit Gaming is a company based in Los Angeles (United States) founded in 2010. Gamblit Gaming has raised $37 million across 2 funding rounds from investors including Ares Capital Corporation, Bain Capital and Cannon Capital. The company has 88 employees as of December 31, 2022. Gamblit Gaming operates in a competitive market with competitors including BetMGM, VIP Entertainment Technologies, ODDSworks, Interblock and Blazesoft, among others.
- Headquarter Los Angeles, United States
- Employees 88 as on 31 Dec, 2022
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Sectors
Consumer
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Phone
*********
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Website
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Social
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- Legal Name Gamblit Gaming Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series B
Apr 01, 2017
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Investors
Ares Capital Corporation
& 2 more
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Employee Count
88
as on Dec 31, 2022
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Funding Insights of Gamblit Gaming
Gamblit Gaming has successfully raised a total of $37M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in April 2017. 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 B — $25.0M
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First Round
First Round
(27 Mar 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Series B - Gamblit Gaming | Valuation | Bain Capital , Cannon |
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| Mar, 2014 | Amount | Series A - Gamblit Gaming | Valuation |
investors |
Investors in Gamblit Gaming
Gamblit Gaming has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Ares Capital Corporation, Bain Capital and Cannon Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Debt and equity investments are pursued across multiple sectors.
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Founded Year | Domain | Location | |
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Cannon Capital is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed for businesses.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gamblit Gaming
Financial Statements - Gamblit Gaming
Gamblit Gaming Comparisons
Competitors of Gamblit Gaming
Gamblit Gaming 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 BetMGM, VIP Entertainment Technologies, ODDSworks, Interblock and Blazesoft, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online casino and sports betting platforms are developed by BetMGM.
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| domain | founded_year | HQ Location |
Development studio developing tech-enabled products for the gambling industry
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| domain | founded_year | HQ Location |
Platform offering game development solutions for online and offline gambling operators
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| domain | founded_year | HQ Location |
A range of multi-category casino electronic table games is developed.
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| domain | founded_year | HQ Location |
SaaS-enabled back-end management solutions for games and gambling are developed.
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Frequently Asked Questions about Gamblit Gaming
Gamblit Gaming was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Gamblit Gaming is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Gamblit Gaming is a funded company, having raised a total of $37M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Mar 27, 2014.
As of Dec 31, 2022, the latest employee count at Gamblit Gaming is 88.
Gamblit Gaming was founded in 2010 and is headquartered in Los Angeles, United States. Operations are conducted within the gambling software sector, where tools are supplied to game developers. These tools allow wagering mechanisms to be incorporated into skill-based and entertainment games. Emphasis is placed on facilitating compliant integration of betting elements across digital platforms.
Gamblit Gaming's top competitors include BetMGM, ODDSworks and Interblock.
Gamblit Gaming has 3 investors. Key investors include Ares Capital Corporation, Bain Capital, and Cannon Capital.