BETSPERTS, the sports betting social network has completed its Q1 seed round of funding led by Parlay Capital Holdings.
In addition to completing its first financing, the crowdsourced firm has added to its board of directors David VanEgmond, the current Head of Strategy and Corporate Development at Barstool Sports and former Head of Strategy at the FanDuel Group.
Since the Supreme Court lifted the sports betting ban two years ago, the BETSPERTS team has been working on creating a network that links and provides a range of resources to help sports bettors, from beginner to experts.
CEO Reid Rooney said: “What started as an idea to connect the casual fan with the credible expert bettor, has developed into the largest crowdsourced social platform for the massively growing sports betting community.
“Our team is grateful for the opportunity, and we intend to use funds to expand our technology platform, accelerate business development while fuelling media influencer relationships.”
New appointee VanEgmond has written on his addition to the board in the funding statement, saying: “I am thrilled to be joining the board to help support the next wave of innovation and growth for the company. BETSPERTS is extremely well positioned to be the digital community for sports bettors. Their engaging and transparent platform is unique in the sports betting market which is continuing its significant expansion in the US.”