WagerWire’s parent company is bolstering its portfolio of investors.
Wire Industries Inc. has added Defy the Odds co-founder Paris Smith, investor Danny Moses, Pinnacle co-founder George Molsbarger and VC firm GoodPaper Ventures as new investors in the company that powers WagerWire’s sports betting marketplace. WagerWire, which allows users to buy and sell previously placed sports wagers and DFS entries, has an existing group of investors that includes Betr co-founder Joey Levy’s 305 Ventures, Simplebet co-founder Scott Marshall and Eberg Capital.
“Our goal has always been to modernize the sports betting experience,” said WagerWire CEO Zach Doctor. “The addition of these investors gives WagerWire the support of both the initial pioneers of this industry as well as the innovators and disruptors of the new generation, supercharging our efforts to bring a more efficient, open, and entertaining market to real money gaming, and unlocking value for the entire ecosystem.”
Wire Industries adding fresh investment to its latest round comes after the company completed a $3 million funding round in 2022. The round, led by Eberg Capital founder and managing partner Roger Ehrenberg, also included Full Moon Sports Solutions, former New Jersey DGE Deputy Director George Rover, Tesla, law firm Cooley LLP and others.
WagerWire offers an innovative feature
The company’s previous funding round supported the launch of daily fantasy pick’em entries on its online marketplace. In July, WagerWire debuted its DFS pick’em feature on iOS and Google Play marking the first time DFS players can buy and sell entries through an app. WagerWire’s DFS feature is the result of its deal with RealTime Fantasy Sports.
