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
***********
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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
$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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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.1M
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First Round
First Round
(04 Mar 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Seed - Simplebet | Valuation | Florida Funders |
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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 Simplebet
Simplebet has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include DraftKings and Florida Funders. 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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Venture capital investments are provided to early-stage tech startups.
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Founded Year | Domain | Location | |
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Online fantasy sports platforms are provided for multiple sports.
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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 Simplebet
| 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 - Simplebet
| 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 |
Simplebet Comparisons
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. 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 |
Software solutions for betting and online gaming are provided.
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| domain | founded_year | HQ Location |
iGaming solutions are provided for online gambling operators.
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| domain | founded_year | HQ Location |
AI-enabled platform for sports betting and management is 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 Simplebet
Frequently Asked Questions about Simplebet
When was Simplebet founded?
Simplebet was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Simplebet located?
Simplebet is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Simplebet?
Chris Bevilacqua is the current CEO of Simplebet. They have also founded this company.
Is Simplebet a funded company?
Simplebet is a funded company, having raised a total of $2.1M across 1 funding round to date. The company's 1st funding round was a Seed of $2.1M, raised on Mar 04, 2021.
How many employees does Simplebet have?
As of Dec 31, 2023, the latest employee count at Simplebet is 84.
What does Simplebet do?
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.
Who are the top competitors of Simplebet?
Simplebet's top competitors include Playtech, Light & Wonder and Genius Sports.
Who are Simplebet's investors?
Simplebet has 2 investors. Key investors include DraftKings, and Florida Funders.
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