About UBET Sports
UBET Sports is a company based in Toronto (Canada) founded in 2021 by Daniel Jiwoong.. UBET Sports has raised $2.7 million across 1 funding round from investors including Republic, 6play and Shima Capital. UBET Sports offers products and services including UBET Sports Betting Platform and Contests and Programs. UBET Sports operates in a competitive market with competitors including Unikrn, ZenSports, Stakes, Augur and DuelNow, among others.
- Headquarter Toronto, Canada
- Founders Daniel Jiwoong
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Sectors
Media & EntertainmentConsumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ubet Sports Exchange
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.7 M (USD)
in 1 rounds
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Latest Funding Round
$2.7 M (USD), Seed
May 17, 2022
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Investors
Republic
& 6 more
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Employee Count
Employee Count
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Products & Services of UBET Sports
UBET Sports offers a comprehensive portfolio of products and services, including UBET Sports Betting Platform and Contests and Programs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Decentralized platform for sports predictions with fair odds and security.
Engages users through bonuses and tournaments for community participation.
Funding Insights of UBET Sports
UBET Sports has successfully raised a total of $2.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.7 million completed in May 2022. 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 — $2.7M
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First Round
First Round
(17 May 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - UBET Sports | Valuation | Shima 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 UBET Sports
UBET Sports has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Republic, 6play and Shima 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 tech startups are invested in by GSR Ventures.
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Founded Year | Domain | Location | |
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A blockchain-native investment firm focused on Web3 strategies is operated.
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Founded Year | Domain | Location | |
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Investments in blockchain projects are managed by LD Capital.
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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 UBET Sports
| 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 - UBET Sports
| 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 |
Ubet Sports Comparisons
Competitors of UBET Sports
UBET Sports 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 Unikrn, ZenSports, Stakes, Augur and DuelNow, 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 |
Esports betting and news services are offered by Unikrn.
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| domain | founded_year | HQ Location |
Crypto-based e-sports betting platform is provided for users.
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| domain | founded_year | HQ Location |
NFT-based win prediction software for multiple sports is developed.
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| domain | founded_year | HQ Location |
Online crypto-based gambling platform offering diversified betting services
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| domain | founded_year | HQ Location |
Peer-to-peer sports betting is enabled via a decentralized platform.
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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 Ubet Sports
Frequently Asked Questions about UBET Sports
When was UBET Sports founded?
UBET Sports was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is UBET Sports located?
UBET Sports is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of UBET Sports?
Daniel Jiwoong is the current CEO of UBET Sports. They have also founded this company.
Is UBET Sports a funded company?
UBET Sports is a funded company, having raised a total of $2.7M across 1 funding round to date. The company's 1st funding round was a Seed of $2.7M, raised on May 17, 2022.
What does UBET Sports do?
UBET Sports was founded in 2021 in Toronto, Canada, as a developer of a decentralized sports betting platform. Bets on various sports, including football, tennis, and basketball, are facilitated for users. Multiple cryptocurrencies are supported for transactions. The platform operates within the blockchain and gaming sector, enabling peer-to-peer betting without central intermediaries.
Who are the top competitors of UBET Sports?
What products or services does UBET Sports offer?
UBET Sports offers UBET Sports Betting Platform and Contests and Programs.
Who are UBET Sports's investors?
UBET Sports has 7 investors. Key investors include Republic, 6play, Shima Capital, GSR Ventures, and Old Fashion Research.