About Simplebet
Simplebet is a Media & Entertainment company based in New York (United States) founded in 2018 by Chris Bevilacqua, and was acquired by DraftKings in August 2024. AI-enabled micro-betting management solutions for sports are provided. It operates in the Media & Entertainment and Consumer sectors. Simplebet has raised $2.1 million across 2 funding rounds from investors including DraftKings, Florida Funders and Grit Capital Partners. The company has 84 employees. Its chief executive, as recorded, is Chris Bevilacqua. Its focus areas include Gambling Tech, Gambling IT, Online and Betting. Its competitors include Light & Wonder and Boom Sports; 1 of its 2 listed competitors has raised funding.
Company details
Simplebet was founded in 2018 and is based in New York, United States. AI-enabled solutions for micro-betting management in the sports betting sector are offered by the company. Processes for sports betting are supported through odds generation, in-play betting options, sportsbook integrations, game tracking tools, and video streaming services. Operations focus on enhancing betting efficiency for operators in the industry.
- Headquarters New York, United States
- Employees 84
- Founders Chris Bevilacqua
- Stage Acquired
- SectorsMedia & EntertainmentConsumer
- Email••••••••
- Website simplebet.ai
- Social LinkedIn X Facebook
- Acquired by DraftKings (Aug 2024)
- Total Equity Funding$2.1M (USD)
in 2 rounds
- Latest Funding Round$2.1M (USD), Seed
Mar 2021
- InvestorsDraftKings
& 2 more
- Employee Count84
- Acquired byDraftKings
(Aug 2024)
Funding Insights of Simplebet
Simplebet has successfully raised a total of $2.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.1 million completed in March 2021. 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 $2.1M
- Total Rounds 2
- Last Round Seed — $2.1M
- Investors Count 2
All 2 funding rounds of Simplebet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $2.1M | Seed | – | Florida Funders | – |
| Jan 2018 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Simplebet
Simplebet has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include DraftKings, Florida Funders and Grit Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are provided to early-stage tech startups. | floridafunders.com | Tampa, United States | ||
| grit.vc | ||||
Online fantasy sports platforms are provided for multiple sports. | 2012 | draftkings.com | Boston, United States |
Investor details for Simplebet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Simplebet
5 people are tracked at Simplebet (3 in leadership, 2 in team); the tracked headcount is 84.
| Name | Role | Group |
|---|---|---|
Chris Bevilacqua | Co-Founder & CEO | Leadership |
Joey Levy | Co-Founder & Co-CEO | Leadership |
Francesco Borgosano | Chief Operating Officer | Leadership |
Leo Gaspar | EVP, Business Development | Team |
Tanner Knauer | Live Sport Trader | Team |
Complete people profiles for Simplebet
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Simplebet
4 dated milestones of Simplebet across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Simplebet is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $2.1M.
- Exit Acquired by DraftKings.
Competitors of Simplebet
Simplebet has 2 listed competitors in our database, 1 of them funded. They include Light & Wonder and Boom Sports.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lnw.com | 1973 | Las Vegas, United States | 6,500 | iGaming solutions are provided for online gambling operators. | ||
| boomfantasy.com | 2015 | New York, United States | $23.16M | Tech-enabled platform is offered for online gambling operators. |
Detailed competitors of Simplebet
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Top companies in Sports Technology Platforms
3 companies that operate in the same segment as Simplebet (Sports Technology Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Subscription-based platform for streaming soccer content is offered. | 2015 | New York, New York, United States | USD 154.63 M | USD 1.62 B | 590 | |
Developer of a fantasy platform for multiple sports | 2009 | New York, New York, United States | USD 416.2 M | 4,115 | ||
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 180 M | 999 |
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Related news about Simplebet
Complete news archive for Simplebet
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Frequently Asked Questions about Simplebet
Simplebet was founded in 2018.
Simplebet is headquartered in New York, United States. It is registered at New York, New York, United States.
Chris Bevilacqua is the CEO of Simplebet, as recorded in our data. They have also founded this company.
Simplebet is a funded company, having raised a total of $2.1M across 2 funding rounds to date.
Simplebet has 84 employees.
Simplebet was founded in 2018 and is based in New York, United States. AI-enabled solutions for micro-betting management in the sports betting sector are offered by the company. Processes for sports betting are supported through odds generation, in-play betting options, sportsbook integrations, game tracking tools, and video streaming services. Operations focus on enhancing betting efficiency for operators in the industry.
Simplebet's top competitors include Light & Wonder and Boom Sports.
Simplebet has 3 investors. Key investors include DraftKings, Florida Funders, and Grit Capital Partners.
Yes. Simplebet was acquired by DraftKings in August 2024.