About Simplebet
Simplebet is a company based in New York (United States) founded in 2018 by Chris Bevilacqua was acquired by DraftKings in August 2024. Simplebet has raised $2.1 million across 1 funding round from investors including DraftKings and Florida Funders. The company has 84 employees as of December 31, 2023. Simplebet operates in a competitive market with competitors including Playtech, Genius Sports, FSB Technology, OpenBet and Light & Wonder, among others.
- Headquarter New York, United States
- Employees 84 as on 31 Dec, 2023
- Founders Chris Bevilacqua
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Sectors
Media & EntertainmentConsumer
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.1 M (USD)
in 1 rounds
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Latest Funding Round
$2.1 M (USD), Seed
Mar 04, 2021
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Investors
DraftKings
& 1 more
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Employee Count
84
as on Dec 31, 2023
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Acquired by
DraftKings
(Aug 28, 2024)
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People of Simplebet
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Funding Insights of Simplebet
Simplebet has successfully raised a total of $2.1M through 1 strategic funding round. 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.
Investors in Simplebet
Simplebet has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include DraftKings and Florida Funders.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are provided to early-stage tech startups.
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Online fantasy sports platforms are provided for multiple sports.
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Investor details for Simplebet
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Investments & Acquisitions by Simplebet
Investment portfolio details for Simplebet
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Financial Statements - Simplebet
Detailed financials for Simplebet
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Simplebet Comparisons
Peer comparison for Simplebet
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Competitors of Simplebet
Simplebet 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, OpenBet and Light & Wonder, 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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Provider of tech-enabled software solutions for the gambling and sports betting industries
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Software solutions for betting and online gaming are provided.
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iGaming solutions are provided for online gambling operators.
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AI-enabled platform for sports betting and management is provided.
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Detailed competitors of Simplebet
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Latest news on Simplebet
Complete news archive for Simplebet
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Frequently Asked Questions about Simplebet
Simplebet was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Simplebet is headquartered in New York, United States. It is registered at New York, New York, United States.
Chris Bevilacqua is the current CEO of Simplebet. They have also founded this company.
Simplebet is a funded company, having raised a total of $2.1M across 1 funding round to date.
As of Dec 31, 2023, the latest employee count at Simplebet is 84.
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 Playtech, Light & Wonder and Genius Sports.
Simplebet has 2 investors. Key investors include DraftKings, and Florida Funders.