About Picklebet
Picklebet is a company based in Darwin (Australia) founded in 2017 by Damon Oudejans.. Picklebet has raised $9.94 million across 1 funding round from investors including Discerning Capital, Drive by DraftKings and Manifest Investment Partners. Picklebet operates in a competitive market with competitors including William Hill, Flutter Entertainment, Betfair Group, LiveScore Group and FDJ, among others.
- Headquarter Darwin, Australia
- Founders Damon Oudejans
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.94 M (USD)
in 1 rounds
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Latest Funding Round
$9.94 M (USD), Series A
Nov 30, 2023
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Investors
Discerning Capital
& 3 more
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Employee Count
Employee Count
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Funding Insights of Picklebet
Picklebet has successfully raised a total of $9.94M through 1 strategic funding round. The most recent funding activity was a Series A round of $9.94 million completed in November 2023. 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 1
- Last Round Series A — $9.9M
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First Round
First Round
(30 Nov 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series A - Picklebet | Valuation | Discerning Capital |
| 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 Picklebet
Picklebet has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Discerning Capital, Drive by DraftKings and Manifest Investment Partners. 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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Founded Year | Domain | Location | |
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Sports sector startups are accelerated through focused programs.
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Founded Year | Domain | Location | |
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Investment capital and strategic support are provided by Manifest.
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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 Picklebet
| 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 - Picklebet
| 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 |
Picklebet Comparisons
Competitors of Picklebet
Picklebet 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 William Hill, Flutter Entertainment, Betfair Group, LiveScore Group and FDJ, 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 |
A leading betting and gaming company with global operations.
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| domain | founded_year | HQ Location |
Gambling services are provided via sports betting and online platforms.
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| domain | founded_year | HQ Location |
Online sports betting exchange services are operated internationally.
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| domain | founded_year | HQ Location |
Betting tools are developed for sports bettors worldwide.
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| domain | founded_year | HQ Location |
FDJ is operated as a leading lottery and gambling provider in France.
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| domain | founded_year | HQ Location |
Online gambling platform
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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 Picklebet
Frequently Asked Questions about Picklebet
When was Picklebet founded?
Picklebet was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Where is Picklebet located?
Picklebet is headquartered in Darwin, Australia. It is registered at Darwin, Northern Territory, Australia.
Is Picklebet a funded company?
Picklebet is a funded company, having raised a total of $9.94M across 1 funding round to date. The company's 1st funding round was a Series A of $9.94M, raised on Nov 30, 2023.
What does Picklebet do?
Picklebet was established in 2017 in Darwin, Australia, to operate an online platform for e-sports betting. Wagers are placed on titles including FIFA, CS:GO, Dota 2, Call of Duty, and Overwatch. Tournaments are organized, and updates on e-sports news are delivered. The service functions within the digital gambling sector, targeting competitive video gaming events.
Who are the top competitors of Picklebet?
Picklebet's top competitors include Baazi Games, Flutter Entertainment and Betfair Group.
Who are Picklebet's investors?
Picklebet has 4 investors. Key investors include Discerning Capital, Drive by DraftKings, Manifest Investment Partners, and Jeff Sagansky.