The startup financing for SoBet, a sports betting creation platform provider located in Nashville, Tennessee, was $3.7 million.
Investor
Third Kind Venture Capital led the round.
Use of Funds
The money will be used by the business to employ personnel with a concentration on growth marketing, UX design, and product development.
Under the direction of its founder and CEO, Cooper Lycan, SoBet offers a platform that uses material from over fifty independent producers to encourage community building, transparency, and fan interaction within the media ecosystem.
Thanks to its community-driven approach, the site can publish around 5,000 posts a month, covering everything from transparent picks and in-depth game analysis to more entertainment-focused material. This enables it to reach over 10 million users and provide them with readily assimilated betting knowledge.
“SoBet aims to become a sustainable platform that will condition healthier habits, allow users to monetize their expert insights, and simultaneously provide a top-tier entertainment experience that cannot be replicated by changing the way next-gen fans fundamentally engage with sports betting.”
Cooper Lycan
About Sobet
It is a sports betting media platform. We provide and distribute sports betting content from independent experts, to help the next generation of sports bettors make more informed decisions. By delivering expert content in easy to digest methods, SoBet enables the flow of information and enhances fan experience. SoBet believes in a healthier, more transparent and more engaged betting ecosystem.
