Bettor Capital, a NYC-based investment platform focused on the real money online gaming market opportunity, held the initial closing of its Fund I.
The fund will be focused on early-stage investment opportunities in software and technology facilitating real money online gaming operations, with a primary focus on the North American market.
The firm was founded by industry veteran David VanEgmond, who previously held executive roles at FanDuel and at Barstool Sports, joined by Jake Kleiner, a seasoned software and fintech investor who most recently started and led the early-stage investing practice at U.S. Bank and previously was an investment professional at Vista Equity Partners.
To support the ongoing activities of the fund, Bettor Capital has also formally established a group of Fund Advisors, comprised of leading figures from the worlds of real money gaming, sports, technology, media, telecom, and private equity who have senior executive and board experience across a diverse set of domains. The advisors will provide strategic support and operational expertise for the fund, its limited partners and portfolio companies across critical leadership domains including legal and regulatory compliance, brand and marketing, strategy executive development, and more.
Bettor Capital’s Fund Advisors will include:
- Melissa Blau, founder of iGaming Capital, a consulting firm focused on the online casino industry; former General Partner and Co-Founder of a $450m MediaTech venture capital fund in association with Bear Stearns;
- Julie Haddon, former Senior Vice President of Global Brand & Consumer Marketing for the NFL; two decades of leadership and consulting roles at SoFi, eBay, DreamWorks, Zynga and Twitter; co-owner of the Chicago Red Stars NWSL women’s professional soccer team;
- Steve Kaplan, co-owner of multiple professional sports teams including DC United and Swansea City; co-founder of private equity firm, Oaktree Capital Management;
- Carl Sottosanti, former Executive Vice President and General Counsel at Penn National Gaming, Inc. where he served for nearly two decades; current Fubo Gaming Board member and compliance committee chairman and advisor to other early stages real-money gaming businesses;
- Carl Vogel, private investor and advisor; current board member at multiple public companies including SiriusXM; former Chairman of the Board of FanDuel; former President of Dish Networks and CEO of Charter Communications;
FinSMEs
02/11/2021