About Lucra Sports
Lucra Sports is a company based in Palo Alto (United States) founded in 2019 by Dylan Robbins.. Lucra Sports has raised $21.6 million across 3 funding rounds from investors including ARK Investment Management, Simplex Investments and 7GC & Co. Lucra Sports offers products and services including White-Label Gamification Software, Real-Money Social Tournaments, and Free-To-Play Sports Contests. Lucra Sports operates in a competitive market with competitors including Smarkets, Novig, Prophet Exchange, Who Knows Wins and Splash Sports, among others.
- Headquarter Palo Alto, United States
- Founders Dylan Robbins
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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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- Legal Name Lucra Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.6 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 05, 2024
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Investors
ARK Investment Management
& 14 more
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Employee Count
Employee Count
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Products & Services of Lucra Sports
Lucra Sports offers a comprehensive portfolio of products and services, including White-Label Gamification Software, Real-Money Social Tournaments, and Free-To-Play Sports Contests. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for brands to add interactive contests and social features.
Platform for users to compete in real-money games and earn rewards.
Service offering free contests to engage users in sports competitions.
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Funding Insights of Lucra Sports
Lucra Sports has successfully raised a total of $21.6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 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 3
- Last Round Series A — $10.0M
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First Round
First Round
(04 May 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Lucra Sports | Valuation | 7GC , SeventySix Capital | |
| Mar, 2022 | Amount | Series A - Lucra Sports | Valuation | Raptor Group | |
| May, 2021 | Amount | Seed - Lucra Sports | Valuation | Raptor Group |
| 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 Lucra Sports
Lucra Sports has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include ARK Investment Management, Simplex Investments and 7GC & Co. 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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Investment services are offered by 7GC & Co to clients.
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Venture capital firm investing in sports tech sector
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Founded Year | Domain | Location | |
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Investment and strategic support are provided by Raptor Group.
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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 Lucra Sports
| 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 - Lucra Sports
| 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 |
Lucra Sports Comparisons
Competitors of Lucra Sports
Lucra Sports 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 Smarkets, Novig, Prophet Exchange, Who Knows Wins and Splash Sports, 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 |
Sports betting exchange platform facilitated for user-to-user wagers.
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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 |
Betting exchange platform for multiple sports is provided.
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| domain | founded_year | HQ Location |
Sports prediction games with cash prizes are offered online.
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| domain | founded_year | HQ Location |
Provider of a social sports betting platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Lucra Sports
Frequently Asked Questions about Lucra Sports
When was Lucra Sports founded?
Lucra Sports was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Lucra Sports located?
Lucra Sports is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Lucra Sports?
Dylan Robbins is the current CEO of Lucra Sports. They have also founded this company.
Is Lucra Sports a funded company?
Lucra Sports is a funded company, having raised a total of $21.6M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on May 04, 2021.
What does Lucra Sports do?
Lucra Sports was founded in 2019 and is based in Palo Alto, United States. A peer-to-peer platform for sports betting is operated, allowing fans to compete against friends for real cash awards. Services include access to player updates, statistics, spreads, and odds to support informed betting decisions within the sports entertainment sector.
Who are the top competitors of Lucra Sports?
Lucra Sports's top competitors include Novig, Splash Sports and Players Lounge.
What products or services does Lucra Sports offer?
Lucra Sports offers White-Label Gamification Software, Real-Money Social Tournaments, and Free-To-Play Sports Contests.
Who are Lucra Sports's investors?
Lucra Sports has 15 investors. Key investors include ARK Investment Management, Simplex Investments, 7GC & Co, SeventySix Capital, and Steve Kuhn.
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