SBC participated in the new pitch competition for creative start-ups at Betting on Sports America 2020 with Seventy Six Capital, the Sports Gaming Investment Fund (SGIF) as well as Stadia Ventures.
This competition is an exciting addition to the investment track at Meadowlands Exposition Centre, New Jersey, on 28-30 April, the largest dedicated sport betting trade show in the world.
One of the most striking features of US sport betting development in the last 12 months was the proliferation of new companies that are introducing state-of-the-art products and services.
The BOSA team has now taken steps to demonstrate the growing value of these start-ups for the industry, offering them a platform to gain valuable exposure in the new competition.
The business is sponsored by an excellent partnership of Seventy-Six Capital, SGIF and Stadia Ventures which, together, provide incomparable expertise in risk capital, consultancy, operations and sports betting, making them the perfect investment team.
Sue Schneider, VP, Growth & Strategy, Americas for SBC, said: “We have a group of exceptional partners, who were all eager to be involved in BOSA, so we are confident this will be the premier pitch competition for the sports betting industry in the US. There is already a great deal of buzz around this and I can’t wait to see all the submissions we get.”
Wayne Kimmel, Managing Partner of SeventySix Capital, said: “Sports betting is one of our key investment sectors and as more and more states go live, it is one of our largest and fastest moving. We are thrilled to participate in the inaugural launch of BOSA’s pitch competition and continue supporting top entrepreneurs in the sports betting industry.”
Chris Grove, Managing Partner of SGIF, said: “The energy around start-ups in this industry is enormous and, as a new fund, SGIF is positioned perfectly to support new businesses focused on the sports betting sector. We’re really looking forward to hearing the exciting ideas of the early-stage companies taking part in the BOSA pitch competition.”
Tim Hayden, Managing Director of Stadia Ventures, said: “The ability of Stadia to leverage our key relationships and expertise, and to bring that to the sports betting sector, means the contest is a great opportunity for us and the start-ups that participate in it.”
Further information on the pitch competition will be published later this month, including specifics of how to apply.
Betting on Sports America is the largest sports betting trade fair in the world. More than 200 expert speakers will take part in the 2020 edition, featuring an exhibition of 61 000 square feet with leading international suppliers and a delegates programme of exclusive networking events.
SBC is the leading international sports betting event and media company. Betting on Sports America, Betting on Sports Europe, SBC Summit and CasinoBeats Malta are part of its portfolio. SBC America, SBC News SBC Noticias, CasinoBeats, Payment Expert and Insider Sport are it’s news channels.
SeventySix Capital is a venture capital firm that invests in esports, sports and sports betting game-changing technology start-ups. The current portfolio includes Swish Analytics, ShotTracker, VSiN, US Integrity, Diamond Kinetics, Nerd Street Gamers and more.
The Sports Gaming Investment Fund, which was launched in 2019, is the first risk capital fund to invest in companies.
Stadia Ventures is the regional centre for early-stage investment in sports and entertainment. The ecosystem is based on three pillars: a broad, independent growth fund; an extensively interrelated global network of sports and export managers; and a world-class accelerator, combining new technology discovery and investment opportunities to create a unique transaction flow. Stadia Ventures has been investing in 40 portfolio companies with five exits since the end of 2015.