About OpenBet
OpenBet is a company based in London (United Kingdom) founded in 1996 was acquired by OB Global Holdings in November 2024. OpenBet has raised $17.19 million across 2 funding rounds from investors including Endeavor, Scientific Games and NYX Gaming. The company has 360 employees as of December 31, 2021. OpenBet has completed 3 acquisitions, including Alphanumeric Systems, Multi Builder and Neccton. OpenBet offers products and services including Sports Betting Platform and Player Protection Technology. OpenBet operates in a competitive market with competitors including Playtech, Genius Sports, FSB Technology, FansUnite and GAN, among others.
- Headquarter London, United Kingdom
- Employees 360 as on 31 Dec, 2021
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Sectors
Media & EntertainmentConsumer
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Openbet Limited
- Date of Incorporation 06 Dec, 1995
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$56.36 M (USD)-16as on Dec 31, 2021
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Net Profit
-$40.92 M (USD)15as on Dec 31, 2021
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EBITDA
-$42.1 M (USD)12as on Dec 31, 2021
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Total Equity Funding
$17.19 M (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Endeavor
& 6 more
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Employee Count
360
as on Dec 31, 2021
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Investments & Acquisitions
Alphanumeric Systems
& 2 more
- Acquired by
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Products & Services of OpenBet
OpenBet offers a comprehensive portfolio of products and services, including Sports Betting Platform and Player Protection Technology.
Provides core platform for sports wagering and operator support
Offers tools for safe gaming and regulatory adherence
People of OpenBet
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Funding Insights of OpenBet
OpenBet has successfully raised a total of $17.19M across 2 strategic funding rounds. 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.
Investors in OpenBet
OpenBet has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Endeavor, Scientific Games and NYX Gaming.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm focused on buyouts
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Harwood Private Equity is focused on UK mid-market investments.
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Locked | Locked | Locked | |
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Growth equity investments are directed toward expanding startups across sectors.
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Locked | Locked | Locked |
Investor details for OpenBet
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Investments & Acquisitions by OpenBet
OpenBet has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Alphanumeric Systems, Multi Builder and Neccton.
Investment portfolio details for OpenBet
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Tech-enabled solutions for the betting industry are provided.
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Locked | Locked | 2019 | Locked | |
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Data science and AI solutions are specialized for online gambling.
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Locked | Locked | 2003 | Locked | |
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Tech solutions are provided for sports betting operators.
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Locked | Locked | 1998 | Locked |
Complete acquisition details for OpenBet
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Financial Statements - OpenBet
Detailed financials for OpenBet
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Openbet Comparisons
Peer comparison for OpenBet
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Competitors of OpenBet
OpenBet 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 Playtech, Genius Sports, FSB Technology, FansUnite and GAN, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS-driven tech solutions for gambling operators are delivered.
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Web-based platforms for sports betting management are developed.
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| Locked | Locked | Locked |
Provider of tech-enabled software solutions for the gambling and sports betting industries
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AI-enabled platform for sports betting and management is provided.
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Turnkey solutions for online casino and sports wagering are provided.
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Detailed competitors of OpenBet
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Latest news on Openbet
Complete news archive for OpenBet
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Frequently Asked Questions about OpenBet
OpenBet was founded in 1996 and raised its 1st funding round 15 years after it was founded.
OpenBet is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
OpenBet is a funded company, having raised a total of $17.19M across 2 funding rounds to date.
As of Dec 31, 2021, the latest employee count at OpenBet is 360.
Annual revenue of OpenBet is $56.36M as on Dec 31, 2021.
OpenBet was founded in 1996 in London, United Kingdom. Software solutions are offered by the company to the betting and online gaming sector. A centralized account is provided to integrate OpenBet products alongside third-party offerings, including Sportsbook, Casino, and Poker. Retail software is supplied for sports bars, bookmakers, casinos, and lotteries. Solutions cover games such as table, soft, branded, video poker, mini, mobile, and slots.
OpenBet's top competitors include Playtech, Light & Wonder and Genius Sports.
OpenBet offers Sports Betting Platform and Player Protection Technology.
OpenBet has made 3 acquisitions, including Alphanumeric Systems, Multi Builder, and Neccton.
OpenBet has 7 investors. Key investors include Endeavor, Scientific Games, NYX Gaming, AlpInvest Partners, and Harwood Private Equity.