Odds On Compliance, a technology and consultancy firm specializing in sports betting, igaming, and gambling regulatory compliance, has received strategic investments from an investment group led by SeventySix Capital.
Tekkorp Capital also took part in the investment group, providing funding that will help Odds On Compliance expand its data and technology-focused business unit.
Eric Frank, Founder & CEO of Odds On Compliance, said: “This is another big step in the evolution of Odds On Compliance as a gaming compliance-focused technology company.
“These are intentional investments that bring the best of sports, technology, and data into our ecosystem. We are proud to partner with this diverse investment group as we continue to grow.”
SeventySix Capital is a sports-focused venture capital firm that invests in sports betting, esports, and sports technology companies.
Wayne Kimmel, a Managing Partner at SeventySix Capital, stated: “We are proud to lead this investment in Odds On Compliance. The team, led by Eric Frank, exemplifies the types of entrepreneurs that SeventySix Capital invests in who are truly shaping the sports betting industry.
“Their experience, relationships, and knowledge of the gaming and compliance industry gives us complete confidence in their ability to build a market-leading company.”
Tekkorp Capital funds private and public companies that innovate in the global digital gaming environment.
“Tekkorp Capital funds those rare companies that truly innovate in the digital domain and Odds On Compliance, to my eye, is the absolute embodiment of such an enterprise,” commented Matt Davey, CEO of Tekkorp Capital.
Tekkorp Capital’s Robin Chhabra, who will act as a strategic advisor to Odds On Compliance, added: “Odds On Compliance has an exciting future ahead, and their application of tech, and AI in particular, to the compliance and regulation industry, is going to be game-changing.”
Back in December, Odds On Compliance announced a partnership with applied-AI company Cognistx.