About Sports IQ
Sports IQ is a company based in Vancouver (Canada) founded in 2018 was acquired by DraftKings in May 2024.. Sports IQ has raised $7 million across 1 funding round from investors including DraftKings, The Kraft Group and Harlo Capital. Sports IQ operates in a competitive market with competitors including Playtech, Genius Sports, FSB Technology, OpenBet and FansUnite, among others.
- Headquarter Vancouver, Canada
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Seed
May 12, 2021
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Investors
DraftKings
& 7 more
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Employee Count
Employee Count
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Acquired by
DraftKings
(May 09, 2024)
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Funding Insights of Sports IQ
Sports IQ has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Seed round of $7 million completed in May 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 — $7.0M
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First Round
First Round
(12 May 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Sports IQ | Valuation | Harlo Capital |
| 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 Sports IQ
Sports IQ has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include DraftKings, The Kraft Group and Harlo 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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Investments and family assets are managed by The Kraft Group.
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Founded Year | Domain | Location | |
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Harlo Capital is engaged in private equity investments in real estate.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early stage and series A rounds
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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 Sports IQ
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Sports IQ
| 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 |
Sports Iq Comparisons
Competitors of Sports IQ
Sports IQ 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 FansUnite, 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 |
AI-enabled platform for sports betting and management is provided.
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| domain | founded_year | HQ Location |
Turnkey solutions for online casino and sports wagering are 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 Sports Iq
Frequently Asked Questions about Sports IQ
When was Sports IQ founded?
Sports IQ was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Sports IQ located?
Sports IQ is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Sports IQ?
Omer Dor is the current CEO of Sports IQ.
Is Sports IQ a funded company?
Sports IQ is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Seed of $7M, raised on May 12, 2021.
What does Sports IQ do?
Sports IQ was founded in 2018 in Vancouver, Canada, as an AI-enabled platform focused on betting management within the sports sector. Pre-match and live game dynamics are analyzed, alongside risk management and quality modeling features. Coverage extends to major leagues including NFL, NBA, MLB, and NHL, with additional leagues supported. Operations emphasize data-driven tools for users in sports betting.
Who are the top competitors of Sports IQ?
Sports IQ's top competitors include Playtech, Light & Wonder and Genius Sports.
Who are Sports IQ's investors?
Sports IQ has 8 investors. Key investors include DraftKings, The Kraft Group, Harlo Capital, Velo Partners, and Mitch Garber.