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
*********
- 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 |
| 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 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. 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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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 |
| 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 Gamblit Gaming
| 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 - Gamblit Gaming
| 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 |
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. 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 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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| 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 Gamblit Gaming
Frequently Asked Questions about Gamblit Gaming
When was Gamblit Gaming founded?
Gamblit Gaming was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Gamblit Gaming located?
Gamblit Gaming is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Gamblit Gaming a funded company?
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.
How many employees does Gamblit Gaming have?
As of Dec 31, 2022, the latest employee count at Gamblit Gaming is 88.
What does Gamblit Gaming do?
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.
Who are the top competitors of Gamblit Gaming?
Gamblit Gaming's top competitors include BetMGM, ODDSworks and Interblock.
Who are Gamblit Gaming's investors?
Gamblit Gaming has 3 investors. Key investors include Ares Capital Corporation, Bain Capital, and Cannon Capital.