Reid Rooney, CEO and co-founder of Betsperts, has announced that the company has completed a second funding round of seven figures in 2020.
The round included new investors in Betsperts, with the venture being led by UK-based Velo Partners. Other angel investors such as Jason Searfoss’s Numeria Capital and Dave VanEgmond’s Bettor Capital, formerly at FanDuel and Barstool Sports where he led the deal between Barstool and Penn Gaming, joined Velo.
On the participation of Velo, Evan Hoff, Partner at Velo Capital Partners LLP, commented: “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.”
Bettor Capital’s VanEgmond, who is also an existing member of the board 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 capitalise 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.”