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
*********
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Website
*********
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Social
*********
- 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
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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. 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.
Provides core platform for sports wagering and operator support
Offers tools for safe gaming and regulatory adherence
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(22 Jun 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Series B - OpenBet | Valuation |
investors |
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| Jun, 2011 | Amount | Series B - OpenBet | 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 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. 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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Private equity investment firm focused on buyouts
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Founded Year | Domain | Location | |
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Harwood Private Equity is focused on UK mid-market investments.
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Founded Year | Domain | Location | |
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Growth equity investments are directed toward expanding startups across sectors.
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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 OpenBet
OpenBet has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Alphanumeric Systems, Multi Builder and Neccton. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2019 | ||||
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Data science and AI solutions are specialized for online gambling.
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2003 | ||||
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Tech solutions are provided for sports betting operators.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - OpenBet
| 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 |
Openbet Comparisons
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. 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 |
SaaS-driven tech solutions for gambling operators are delivered.
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| domain | founded_year | HQ Location |
Web-based platforms for sports betting management are developed.
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| domain | founded_year | HQ Location |
Provider of tech-enabled software solutions for the gambling and sports betting industries
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| domain | founded_year | HQ Location |
AI-enabled platform for sports betting and management is provided.
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| domain | founded_year | HQ Location |
Turnkey solutions for online casino and sports wagering are provided.
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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 Openbet
Frequently Asked Questions about OpenBet
When was OpenBet founded?
OpenBet was founded in 1996 and raised its 1st funding round 15 years after it was founded.
Where is OpenBet located?
OpenBet is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is OpenBet a funded company?
OpenBet is a funded company, having raised a total of $17.19M across 2 funding rounds to date. The company's 1st funding round was a Series B of $17.19M, raised on Jun 22, 2011.
How many employees does OpenBet have?
As of Dec 31, 2021, the latest employee count at OpenBet is 360.
What is the annual revenue of OpenBet?
Annual revenue of OpenBet is $56.36M as on Dec 31, 2021.
What does OpenBet do?
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.
Who are the top competitors of OpenBet?
OpenBet's top competitors include Playtech, Light & Wonder and Genius Sports.
What products or services does OpenBet offer?
OpenBet offers Sports Betting Platform and Player Protection Technology.
How many acquisitions has OpenBet made?
OpenBet has made 3 acquisitions, including Alphanumeric Systems, Multi Builder, and Neccton.
Who are OpenBet's investors?
OpenBet has 7 investors. Key investors include Endeavor, Scientific Games, NYX Gaming, AlpInvest Partners, and Harwood Private Equity.
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