About Smarkets
Smarkets is a company based in London (United Kingdom) founded in 2008 by Donald Trost. Smarkets has raised $5.3 million across 5 funding rounds from investors including Susquehanna Growth Equity, Passion Capital and T Capital. The company has 109 employees as of December 31, 2020. Smarkets operates in a competitive market with competitors including Lucra Sports, Novig, Prophet Exchange, Who Knows Wins and Splash Sports, among others.
- Headquarter London, United Kingdom
- Employees 109 as on 31 Dec, 2020
- Founders Donald Trost
- Stage Minicorn
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Sectors
Media & EntertainmentConsumer
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Phone
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Website
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Social
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- Legal Name Smarkets Limited
- Date of Incorporation 17 Jan, 2008
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$27.86 M (USD)0as on Dec 31, 2021
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Net Profit
-$22.62 M (USD)-3714as on Dec 31, 2021
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EBITDA
-$23.42 M (USD)-3222as on Dec 31, 2021
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Total Equity Funding
$5.3 M (USD)
in 5 rounds
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Latest Funding Round
Not available
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Investors
Susquehanna Growth Equity
& 5 more
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Employee Count
109
as on Dec 31, 2020
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People of Smarkets
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Funding Insights of Smarkets
Smarkets has successfully raised a total of $5.3M across 5 strategic funding rounds. 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 Smarkets
Smarkets has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Susquehanna Growth Equity, Passion Capital and T Capital.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm
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Tech focused Early stage VC Firm investing in Europe and the UK
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Venture capital firm focused on multiple sectors
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Investor details for Smarkets
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Investments & Acquisitions by Smarkets
Investment portfolio details for Smarkets
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Financial Statements - Smarkets
Detailed financials for Smarkets
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Smarkets Comparisons
Peer comparison for Smarkets
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Competitors of Smarkets
Smarkets 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 Lucra Sports, Novig, Prophet Exchange, Who Knows Wins and Splash Sports, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of P2P sports betting platform
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Provider of a P2P sports betting platform
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Betting exchange platform for multiple sports is provided.
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Sports prediction games with cash prizes are offered online.
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Provider of a social sports betting platform
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Detailed competitors of Smarkets
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Latest news on Smarkets
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Frequently Asked Questions about Smarkets
Smarkets was founded in 2008.
Smarkets is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Smarkets is a funded company, having raised a total of $5.3M across 5 funding rounds to date.
As of Dec 31, 2020, the latest employee count at Smarkets is 109.
Annual revenue of Smarkets is $27.86M as on Dec 31, 2021.
Smarkets Limited operates a Web-based person-to-person prediction based betting exchange platform with significantly better odds than the competition. It allows its users to bet directly with other users on many sporting events. The company also offers a browser-based stock market game for products sold on Amazon.com, political elections, and current affairs. The platform has handled over 1 billion of bets since launching in 2010. Smarkets offer the margin of around 1 in total commission on trades whereas traditional sports betting takes around 15 margin on bets from traders. The company was founded in 2008 and is based in London, the United Kingdom.
Smarkets's top competitors include Novig, Lucra Sports and Splash Sports.
Smarkets has 6 investors. Key investors include Susquehanna Growth Equity, Passion Capital, T Capital, Stefan Glaenzer, and Alex Zubillaga.
The valuation of Smarkets is $14.4M as of Jan 2015.