Sports betting social platform BETSPERTS has completed its Q1 seed round of funding led by Parlay Capital Holdings.
In addition to completing its first financing, the crowdsourced firm has added David VanEgmond, the current Head of Strategy and Corporate Development at Barstool Sports and former Head of Strategy at the FanDuel Group, to its Board of Directors.
Since the Supreme Court removed the ban on sports betting two years ago, the BETSPERTS team has worked to develop a platform that connects and delivers a suite of tools to support sports bettors ranging from novice to experts.
“What started as an idea to connect the casual fan with the credible expert bettor, has developed into the largest crowdsourced social platform for the massively growing sports betting community,” said CEO Reid Rooney. “Our team is grateful for the opportunity, and we intend to use funds to expand our technology platform, accelerate business development while fueling media influencer relationships.”
In the funding statement, new appointee VanEgmond commented on his addition to the board, saying: “I am thrilled to be joining the board to help support the next wave of innovation and growth for the company. BETSPERTS is extremely well positioned to be the digital community for sports bettors. Their engaging and transparent platform is unique in the sports betting market which is continuing its significant expansion in the US.”