About Rithmm
Rithmm is a company based in Chestnut Hill (United States) founded in 2022 by Megan Lanham.. Rithmm has raised $4.5 million across 2 funding rounds from investors including Boston Seed Capital, Counterview Capital and Oyster Ventures. Rithmm offers products and services including Rithmm App, AI Predictions, and AI Player Props. Rithmm operates in a competitive market with competitors including LiveScore Group, BetMentor, Sports Betting Dime, Oddsium and Betting, among others.
- Headquarter Chestnut Hill, United States
- Founders Megan Lanham
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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 Rithmm, 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
$4.5 M (USD)
in 2 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Apr 26, 2024
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Investors
Boston Seed Capital
& 5 more
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Employee Count
Employee Count
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Products & Services of Rithmm
Rithmm offers a comprehensive portfolio of products and services, including Rithmm App, AI Predictions, and AI Player Props. 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.
Mobile app for AI-based sports predictions and player props insights
Data-driven forecasts for sports games and props without user input
AI analysis of player performances for betting opportunities
Funding Insights of Rithmm
Rithmm has successfully raised a total of $4.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.5 million completed in April 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 2
- Last Round Seed — $2.5M
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First Round
First Round
(16 May 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Rithmm | Valuation |
investors |
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| May, 2023 | Amount | Seed - Rithmm | Valuation | Boston Seed Capital , Counterview Capital |
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| 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 Rithmm
Rithmm has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Boston Seed Capital, Counterview Capital and Oyster Ventures. 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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US seed-stage tech startups are funded by Boston Seed Capital.
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Founded Year | Domain | Location | |
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Early-stage technology startups are invested in by Counterview Capital.
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Founded Year | Domain | Location | |
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Tech startups are funded by Oyster Ventures venture capital firm.
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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 Rithmm
| 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 - Rithmm
| 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 |
Rithmm Comparisons
Competitors of Rithmm
Rithmm 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 LiveScore Group, BetMentor, Sports Betting Dime, Oddsium and Betting, 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 |
Betting tools are developed for sports bettors worldwide.
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| domain | founded_year | HQ Location |
An online platform providing sports betting predictions for users.
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| domain | founded_year | HQ Location |
An online platform offering diversified tools for sports betting.
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| domain | founded_year | HQ Location |
Aggregator of betting platforms
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| domain | founded_year | HQ Location |
Offers a platform providing online betting tips and predictions
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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 Rithmm
Frequently Asked Questions about Rithmm
When was Rithmm founded?
Rithmm was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Rithmm located?
Rithmm is headquartered in Chestnut Hill, United States. It is registered at Chestnut Hill, Massachusetts, United States.
Who is the current CEO of Rithmm?
Megan Lanham is the current CEO of Rithmm. They have also founded this company.
Is Rithmm a funded company?
Rithmm is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on May 16, 2023.
What does Rithmm do?
Rithmm was founded in 2022 and is based in Chestnut Hill, United States. Operations focus on the sports betting sector, where a mobile app enables users to develop custom prediction models, generate picks, and run simulators. The platform is accessible on both Android and iOS devices, supporting data-driven decision-making for betting activities.
Who are the top competitors of Rithmm?
Rithmm's top competitors include LiveScore Group, Oddsium and Betting.
What products or services does Rithmm offer?
Rithmm offers Rithmm App, AI Predictions, and AI Player Props.
Who are Rithmm's investors?
Rithmm has 6 investors. Key investors include Boston Seed Capital, Counterview Capital, Oyster Ventures, Correlation Ventures, and Service Provider Capital.