About Gamblit Gaming
Gamblit Gaming is a Consumer company based in Los Angeles (United States) founded in 2010. Software is provided to integrate wagering features into games. 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. Its focus areas include Media & Entertainment, Gambling Tech, Gambling Game Developers and Horizontal. Its legal entity is GAMBLIT GAMING LLC. Its competitors include BetMGM and ODDSworks; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Los Angeles, United States
- Employees 88
- SectorsConsumer
- Website gamblitgaming.com
- Social LinkedIn X Facebook
- Legal Name Gamblit Gaming Llc
- Total Equity Funding$37M (USD)
in 2 rounds
- Latest Funding Round$25M (USD), Series B
Apr 2017
- InvestorsAres Capital Corporation
& 2 more
- Employee Count88
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 $37M
- Total Rounds 2
- Last Round Series B — $25M
- First Round $12M
(Mar 2014)
- Investors Count 3
All 2 funding rounds of Gamblit Gaming with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2017 | $25M | Series B | – | Bain Capital, Cannon | – |
| Mar 2014 | $12M | Series A | – | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Debt and equity investments are pursued across multiple sectors. | 1984 | baincapital.com | Boston, United States | |
Cannon Capital is engaged in private equity investments. | cannon.pe | Framingham, United States | ||
Private equity and debt investments are managed for businesses. | 2004 | arescapitalcorp.com | Los Angeles, United States |
Investor details for Gamblit Gaming
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People of Gamblit Gaming
2 people are tracked at Gamblit Gaming (2 in leadership); the tracked headcount is 88.
| Name | Role | Group |
|---|---|---|
Eric J. Meyerhofer | CEO & Board Member | Leadership |
Dan Hoetger | Chief Information Officer | Leadership |
Complete people profiles for Gamblit Gaming
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Timeline of Gamblit Gaming
3 dated milestones of Gamblit Gaming across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Gamblit Gaming is founded.
- Funding First funding round of $12.0M.
- Funding Latest funding round, Series B, of $25.0M.
Competitors of Gamblit Gaming
Gamblit Gaming has 2 listed competitors in our database, 2 of them funded. They include BetMGM and ODDSworks.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| betmgminc.com | 2018 | Jersey, United States | $200.03M | Online casino and sports betting platforms are developed by BetMGM. | ||
| oddsworks.com | 2020 | Downers Grove, United States | $2.4M | Platform offering game development solutions for online and offline gambling operators |
Detailed competitors of Gamblit Gaming
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Top companies in Gambling & Entertainment Platforms
3 companies that operate in the same segment as Gamblit Gaming (Gambling & Entertainment Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Licensed sports merchandise, collectibles, and betting platforms are provided. | 2011 | New York, New York, United States | USD 4.85 B | 14,656 | ||
Developer of a micro-betting platform for sports | 2022 | Miami, Florida, United States | USD 102 M | |||
Provider of a P2P sports betting platform | 2021 | New York, New York, United States | USD 75 M | 94 |
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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 2014.
Gamblit Gaming has 88 employees.
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 has 3 investors. Key investors include Ares Capital Corporation, Bain Capital, and Cannon Capital.
Gamblit Gaming operates through Gamblit Gaming Llc.