What it does: Boom Entertainment builds gaming products for sports and casino brands, including NBC Sports and Penn National Gaming. Total funding: $24 million, according to the company Here are the investors' 10 picks, listed in alphabetical order: Other startups on the list, including game developer Boom Entertainment and Underdog Fantasy, have attracted big name investors from New England Patriots owner Robert Kraft and ESPN analyst Adam Schefter to Dallas Mavericks owner Mark Cuban and rapper Nas. Some, such as cybersecurity firm GeoComply and data supplier Sports Info Solutions, provided key back-end software that the investors said could become even more important as the US market continues to grow. Those included media and gaming outlet Gaming Society, soon-to-launch betting operator Sporttrade, and fan engagement firm PickUp. Bettor Capital founder and CEO David VanEgmondĪ few of the investors liked companies that have the potential to cultivate casual sports gamblers.Eilers Krejick & Gaming partner Chris Grove, an angel investor who is raising his own VC fund.

Sharp Alpha Advisors founder Lloyd Danzig.

Avenue H Capital founder Benjie Cherniak, who is an angel investor.

With the startup space driving innovation and M&A in the sector, Insider asked five prominent venture capitalists and angel investors which sports betting startups they thought would surge in the next 12 months.Įach investor picked two companies, including one they weren't invested in. Sports-betting platforms have acquired in the last year media network VSIN and fantasy-sports site Monkey Knife Fight, to name a few. Have an account? Log in.Īnd, increasingly, they're looking to startups to help them acquire new customers or expand into new areas. This story is available exclusively to Business InsiderĪnd start reading now. Account icon An icon in the shape of a person's head and shoulders.

Fantasy sports betting industry