Sporttrade, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Sporttrade, Inc. - overview
Established
2017
Location
Philadelphia, PA, US
Primary Industry
Financial Services
About
Based in Pennsylvania, US, and founded in 2017 by co-founders Alexander Kane and Henry Fuz, Sporttrade, Inc. is a fintech company that operates as a sports betting and trading platform. The company has an employee headcount of around 50. In June 2021, Sporttrade received USD 36 million of venture funding and an undisclosed amount for venture debt funding.
The company's platform allows users to trade on sports outcomes by buying and selling contracts, the same way as trading stocks. Users can also set their own odds and track the performance of their bets in real-time, enabling them to challenge friends, climb the leaderboard and earn cash prizes. Sporttrade plans to expand to additional states, acquire customers, and continue investing in its staff. The company also plans to launch the iOS app in the second half of 2021 in New Jersey.
Current Investors
Tower Research Capital, Jump Capital, Hudson River Trading
Primary Industry
Financial Services
Sub Industries
e-Financial, Web Applications, Web Development, Accounting/Finance Software
Website
www.getsporttrade.com
Verticals
FinTech
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.