A EUR 5 million funding round has been successfully completed by the real-time esports data and AI-powered statistics provider PandaScore, driving its next stage of enterprise growth.
The financing round was led by the venture capital fund ‘V13 Invest’ of Française des Jeux (FDJ), which sponsored the goals of the young Paris start-up to strengthen its product portfolio by offering new data-led technologies for all wagering stakeholders, including bookmakers, traders, platform providers, risk management , and marketing.
In 2015, PandaScore was founded by product design and gamification expert Flavien Guillocheau, who aimed to optimise real-time AI-powered APIs for esports odds and match-feeds.
Guillocheau said: “Providing game-changing data for bookmakers is our way to fuel the growth of esports. “When bookmakers can offer great esports betting it also helps in raising sponsorships for teams and tournaments.”
In 2020, by securing new betting customers such as LeoVegas AB’s challenger brand Pixelbet and tier-1 LATAM sportsbook BetCris, PandaScore has significantly improved its commercial ability.
Beyond betting, data from PandaScore has powered Sleeper’s esports fantasy sports operator and Strafe ‘all-in-one’ esports results app.
Olivier Martret, Principal at the Paris-based VC Fund Serena, participated in the funding round and endorsed the proven qualifications and growth plans of PandaScore.
He declared: “With FDJ, we are convinced that Pandascore’s tech is a key asset for bookmakers, enabling them to gain new market shares and more efficient and reliable services.”
As well as optimising its coverage of new esports games, PandaScore plans to use its new funding to expand its teams in Paris and Malta.