Betsperts CEO and co-founder Reid Rooney has announced that the company has closed a second seven-figure fundraising round in 2020.
The round included new investors to Betsperts, with UK-based Velo Partners leading the initiative. Joining Velo were other angel investors such as Numeria Capital led by Jason Searfoss, and Bettor Capital led by Dave VanEgmond, formerly at FanDuel and Barstool Sports where he led the transaction between Barstool and Penn Gaming.
Evan Hoff, Partner at Velo Capital Partners LLP, commented on Velo’s involvement: “Velo is extremely excited to be partnering with Betsperts in the next leg of their start-up journey, which combines deep domain knowledge with a great passion for sports.
“Sports gamblers are faced with massive amounts of data and a virtually endless array of betting events, creating a strong need for solutions that cut through the noise. By giving consumers access to verified experts, encapsulated in an intuitive UI, Betsperts is poised to take advantage of the explosive growth the sector is experiencing.”
VanEgmond of Bettor Capital, who is also an existing board member and shareholder of Betsperts, added: “The US sports betting market and Betsperts are at the very beginning of a massive opportunity, and I believe this capital will allow the company to continue engaging and educating bettors across the country.”
Rooney, when asked what’s next for Betsperts, said: “With the investments in 2020 we have the opportunity to scale at a greater rate and capitalize on the rapid growth of our target market. We are going to invest in the product and technology while providing our loyal users more tools and assets for them to enjoy their betting experiences. We continue to actively listen to our users and enhance their daily experience with our platform.”
