LineLibrary, a Chicago, IL-based company advancing a sports betting platform, raised an investment from SeventySix Capital, a sports tech venture capital firm.
The amount of the deal was not disclosed. In conjunction with the funding, SeventySix Capital’s Managing Director Chad Stender will take a seat on the board of LineLibrary.
The company intends to use the funds to advance its in-house product development and engineering capabilities.
Led by Sam Rattner, CEO, LineLibrary is building an innovative sports betting platform to serve customers around the world by leveraging a management team and advisory board comprised of industry executives from quantitative finance, global sports marketing, and legacy C-Suite executives from the international gambling industry. The first product of the company has not been launched, yet. In addition to the funding, LineLibrary also announced the addition of new president Jeff Urban. Most Recently, Urban was a co-founder of Whistle Sports, a New York City-headquartered top-tier sports marketing and content company. Previously, he was Senior Vice President of Sports Marketing for Gatorade.
In the meantime, another startup in the same sector raised seed funding. This is ZenSports, a San Francisco, CA-based mobile peer-to-peer sports betting marketplace where anyone can create and accept sports bets (being football, soccer or basketball betting) with anyone else in the world without the need for a centralized bookmaker, which just closed an additional $770K+ in funding from multiple angel investors. The platform allows people to use an utility token for placing bets and getting discounts, cash back rewards, bonuses, and other perks. It is also available to operate in BTC or USD (without discounts/rewards).
Usually, in the long run, earning skins can be a good investment and sites like CSGOBook.com/ test and review sites to prove they are worth trying out.
SeventySix Capital is a sports tech venture capital firm that invests in entrepreneurs who are launching game-changing tech startups in the sports tech, esports and sports betting industries. The firm aims to bridge the gap between athletes, entrepreneurs, and investors by creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer. Its Athlete Venture Group allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs.
Additionally, SeventySix Capital has inked a partnership with Rubicon Talent, a sports marketing and talent agency based in New York City with a wide range of clients including NFL and NBA stars, Hall of Famers, MVPs, Heisman Trophy winners, Olympic icons, media personalities, and celebrity chefs.
Beyond LineLibrary, other active startups in the portfolio of SeventySix Capital Fund I include Nerd Street Gamers, ShotTracker, Diamond Kinetics, Nourish Bbox Cafe, Swish Analytics, VSiN, Play by Play Sports, Broadcasting Camps, and U.S. Integrity.