SimpleBet Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 54

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $135M

SimpleBet General Information

Description

Operator of a technology, data and innovation company intended to drive the future of fan engagement around live sporting events. The company offers machine learning and low latency technology powers over ten million micro-betting moments a year, enabling fans to engage with a variety of predictions in real-time on many sports.

Contact Information

Website
www.simplebet.ai
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 373 Park Avenue South
  • 9th Floor
  • New York, NY 10016
  • United States
Primary Industry
Entertainment Software
Other Industries
Other Commercial Services
Media and Information Services (B2B)
Information Services (B2C)
Acquirer
DraftKings
Vertical(s)
Big Data, Artificial Intelligence & Machine Learning
Corporate Office
  • 373 Park Avenue South
  • 9th Floor
  • New York, NY 10016
  • United States

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SimpleBet Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 03-Dec-2024 $135M Completed Generating Revenue
7. Later Stage VC 13-Oct-2023 Completed Generating Revenue
6. Later Stage VC 01-Jun-2022 Completed Generating Revenue
5. Later Stage VC (Series C) 10-Nov-2021 Completed Generating Revenue
4. Debt - PPP 16-Apr-2020 Completed Generating Revenue
3. Early Stage VC (Series B) 09-Mar-2020 Completed Generating Revenue
2. Early Stage VC (Series A) 19-Jul-2019 $23M $23.5M Completed Generating Revenue
1. Seed Round 14-Aug-2018 $500K $500K Completed Startup
To view SimpleBet’s complete valuation and funding history, request access »

SimpleBet Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C-1
Series C
Series B
Series A 1,233,844 $0.000100 4% $20.17 $20.17 1x $20.17 22.37%
Seed 310,000 $0.000100 $1.61 $1.61 1x $1.61 5.62%
To view SimpleBet’s complete cap table history, request access »

SimpleBet Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of a technology, data and innovation company intended to drive the future of fan engagement around live sportin
Entertainment Software
New York, NY
54 As of 2024

Bucharest, Romania
 
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SimpleBet Competitors (1)

One of SimpleBet’s competitors is Superbet, a Private Equity-Backed company based in Bucharest, Romania.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Superbet Private Equity-Backed Bucharest, Romania
You’re viewing 1 of 1 competitors. Get the full list »

SimpleBet Patents

  • 4

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • 2

    Pending

  • Expiring in next 12 mo

SimpleBet Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3200328-A1 Method and system for self-correcting match states Pending 02-Dec-2020
WO-2022119605-A1 Method and system for self-correcting match states Inactive 02-Dec-2020
CA-3195283-A1 Predicting sport outcomes using match state transitions Pending 20-Nov-2020
WO-2022109507-A1 Predicting sport outcomes using match state transitions Inactive 20-Nov-2020 G06N20/00

SimpleBet Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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SimpleBet Former Investors (37)

Investor Name Investor Type Holding Investor Since Participating Rounds
305 Ventures Venture Capital Minority
AFV Partners PE/Buyout Minority
Acies Investments Venture Capital Minority
Angel (individual) Minority
Anti Fund Venture Capital Minority
You’re viewing 5 of 37 investors. Get the full list »

SimpleBet Investments (1)

SimpleBet’s most recent deal was a Early Stage VC with Betr for . The deal was made on 01-Nov-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Betr 01-Nov-2022 Early Stage VC Entertainment Software
To view SimpleBet’s complete investments history, request access »

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SimpleBet FAQs

  • When was SimpleBet founded?

    SimpleBet was founded in 2018.

  • Where is SimpleBet headquartered?

    SimpleBet is headquartered in New York, NY.

  • What is the size of SimpleBet?

    SimpleBet has 54 total employees.

  • What industry is SimpleBet in?

    SimpleBet’s primary industry is Entertainment Software.

  • Is SimpleBet a private or public company?

    SimpleBet is a Private company.

  • What is the current valuation of SimpleBet?

    The current valuation of SimpleBet is .

  • What is SimpleBet’s current revenue?

    The current revenue for SimpleBet is .

  • How much funding has SimpleBet raised over time?

    SimpleBet has raised $91.7M.

  • Who are SimpleBet’s investors?

    305 Ventures, AFV Partners, Acies Investments, , and Anti Fund are 5 of 37 investors who have invested in SimpleBet.

  • Who are SimpleBet’s competitors?

    Superbet is a competitor of SimpleBet.

  • When was SimpleBet acquired?

    SimpleBet was acquired on 03-Dec-2024.

  • Who acquired SimpleBet?

    SimpleBet was acquired by DraftKings.

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