About SoBet
SoBet is a company based in Nashville (United States) founded in 2020 by Cooper Lycan and Ron Reeves.. SoBet has raised $3.57 million across 2 funding rounds from investors including Techstars and Third Kind Venture Capital. SoBet operates in a competitive market with competitors including Don Best, QL Gaming Group, BetSperts, The Game Day and EdjSports, among others.
- Headquarter Nashville, United States
- Founders Cooper Lycan, Ron Reeves
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Sectors
Media & EntertainmentConsumer
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.57 M (USD)
in 2 rounds
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Latest Funding Round
$3.55 M (USD), Series A
Dec 22, 2023
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Investors
Techstars
& 1 more
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Employee Count
Employee Count
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Sales and Marketing
1 people
Leadership Team
1 people
Head Team
1 people
Software Development Team
1 people
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Funding Insights of SoBet
SoBet has successfully raised a total of $3.57M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.55 million completed in December 2023. 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 Series A — $3.5M
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First Round
First Round
(01 Jun 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - SoBet | Valuation | Third Kind Venture Capital |
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| Jun, 2023 | Amount | Seed - SoBet | Valuation | Techstars |
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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 SoBet
SoBet has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Techstars and Third Kind Venture Capital. 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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Early-stage investments in finance and financial services are targeted.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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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 SoBet
| 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 - SoBet
| 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 |
Sobet Comparisons
Competitors of SoBet
SoBet 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 Don Best, QL Gaming Group, BetSperts, The Game Day and EdjSports, 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 |
Sports betting tips, statistics, picks, and odds are provided online.
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| domain | founded_year | HQ Location |
Sports betting and fantasy products are developed for mobile platforms.
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| domain | founded_year | HQ Location |
Multi-category sports betting tips are offered via an online platform.
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| domain | founded_year | HQ Location |
Provider of an online betting tips platform for multiple sports
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| domain | founded_year | HQ Location |
Sports analytics services are offered for NFL intra-game risk management.
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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 Sobet
Frequently Asked Questions about SoBet
When was SoBet founded?
SoBet was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is SoBet located?
SoBet is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Who is the current CEO of SoBet?
Cooper Lycan is the current CEO of SoBet. They have also founded this company.
Is SoBet a funded company?
SoBet is a funded company, having raised a total of $3.57M across 2 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Jun 01, 2023.
What does SoBet do?
SoBet was founded in 2020 and is headquartered in Nashville, United States. An online platform is operated in the sports betting sector, where a community is facilitated for sharing insights, tips, reviews, and recommendations. Services focus on various online sports betting and gambling games, with predictions provided to support user engagement in these activities.
Who are the top competitors of SoBet?
SoBet's top competitors include Don Best, BetSperts and QL Gaming Group.
Who are SoBet's investors?
SoBet has 2 investors. Key investors include Techstars, and Third Kind Venture Capital.
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