Cheddr

Cheddr, based in the US, is a sports gaming platform that allows users to engage with various sports events through informed selections, enhancing their experience and potential rewards. Founded in 2024 in Los Angeles, US, Cheddr operates as a sports gaming platform that enables users to make selections on sports teams and events. The company has successfully completed 1 deal, with its most recent deal occurring on July 7, 2025, where it raised an undisclosed amount of seed funding from new investor CoreNest. Cheddr specializes in sports gaming, offering a platform for users to make selections on various sports teams and events across multiple leagues.

The core product is a sports gaming application designed for sports enthusiasts and casual players, providing opportunities for entertainment and potential financial rewards through free play and instant payouts. The application aims to deliver a seamless user experience, with services expected to launch in 41 states, addressing the growing demand for innovative sports gaming solutions. Cheddr's revenue model centers around transactions on their sports gaming platform, which includes free play offerings and potential cash rewards. Users engage with the platform by making picks on sports events, utilizing direct-to-consumer interactions.

The company may explore partnerships or sponsorships with sports organizations to enhance visibility and user engagement. Revenue streams include in-app purchases and promotional offers, focusing on creating a user-friendly experience that fosters repeat engagement and loyalty among customers. Cheddr plans to leverage its recent funding from the July 2025 deal to support the launch of new products and services. The company is focused on expanding its reach into additional markets, specifically targeting 41 states for its gaming services.

These initiatives are aimed at enhancing user engagement and diversifying revenue streams as Cheddr continues to develop its platform within the evolving sports gaming landscape.