Second Spectrum, Inc.
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Second Spectrum, Inc. - overview
Established
2013
Location
Los Angeles, CA, US
Primary Industry
Software
About
Based in Los Angeles, Second Spectrum, Inc. specializes in data analytics for sports, providing advanced solutions that enhance performance and fan engagement across multiple platforms. Founded in 2013 and headquartered in Los Angeles, US, Second Spectrum, Inc. operates in the sports analytics sector, offering innovative data solutions.
The company was acquired by Genius Sports Group Limited for USD 200 mn in May 2021, reflecting a strategic move to enhance their offerings in sports, betting, and media. Rajiv Maheswaran and Sid Graef serve as CEOs of the company, guiding its operations and vision. Second Spectrum provides a robust suite of data-driven solutions aimed at optimizing the sports experience. Their services encompass real-time sports data, advanced analytics, and integrity services, catering to sports leagues, teams, and betting operators to improve fan engagement, performance analysis, and event integrity.
Second Spectrum generates revenue through B2B agreements, where clients subscribe to access its data solutions and analytics tools. Partnerships can involve multi-year agreements with annual fees for ongoing services, enabling the company to maintain steady revenue streams from its data analytics offerings. Following the acquisition on May 6, 2021, Second Spectrum is positioned for significant growth as part of Genius Sports. The acquisition aims to accelerate the integration of sports data and betting services, with a focus on expanding into new geographic regions and enhancing product offerings.
The funding from this acquisition is expected to support the development of upcoming data products aimed at improving sports analytics and integrity services.
Current Investors
Genius Sports Group Limited, August Capital, Trifecta Capital Partners
Primary Industry
Software
Sub Industries
Professional Sports/eSports, Analytics & Performance Software
Website
www.secondspectrum.com
Verticals
Artificial Intelligence, Augmented Reality (AR), Big Data, Big Data, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Second Spectrum, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Second Spectrum, Inc. | - |
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