ALT Sports Data Raises $2.5M in Seed Funding to Expand Operations
February 8, 2024, 4:39 pm
ALT Sports Data, a leading provider of sports data and analytics solutions, has successfully closed a $2.5M seed funding round. The funding was led by Eberg Capital and Relay Ventures, with participation from Trinity West Ventures, NuFund Venture Group, and other sports and technology industry investors. The company plans to use the funds to scale its business and expand its operations.
ALT Sports Data, led by CEO Joe Dunnigan, is a pioneer in the field of alternative sports trading data. The company unlocks the potential of millions of participatory fans and potential bettors for sportsbook operators, media platforms, and event producers. By offering real-time dynamic trading data from a diverse sports portfolio, ALT Sports Data aims to engage with over one billion global alternative sports fans.
The proprietary trading platform developed by ALT Sports Data covers the full wagering lifecycle for all offered events. It generates independent, algorithm-driven, and mathematically correct betting markets using dedicated models. In addition, the platform seamlessly incorporates in-play betting markets for specialist sports, aligning with the enthralling nature of live sports.
With this latest funding round, ALT Sports Data has secured 17 official league rights deals and 35 commercial agreements. The company has already generated revenue across three fronts: data, demand generation, and league services. The funds raised will be utilized to efficiently scale the business and capitalize on the massive gap in the sports betting industry.
Joe Dunnigan, CEO of ALT Sports Data, expressed pride in providing data, audiences, and trading services for dozens of premium and established sports properties. These properties represent a combined social media footprint of over 65 million passionate fans. The company's mission is to bring compelling new content and drive engagement for alternative sports and athletes worldwide.
The closing of this seed funding round marks a significant milestone for ALT Sports Data. The company is poised to revolutionize the world of sports, sports betting, and entertainment. With investments from leading venture capital firms and a strong infrastructure in place, ALT Sports Data is well-positioned to tap into the growing wave of new sports enthusiasts.
ALT Sports Data's success is a testament to the convergence of sports betting and entertainment as a megatrend. The company's bold plans and innovative solutions have attracted the attention of industry veterans and investors alike. With a global reach exceeding one billion potential bettors, ALT Sports Data is set to make a lasting impact in the sports industry.
For more information on ALT Sports Data, please visit their website at altsportsdata.com or email them at connect@altsportsdata.com.
ALT Sports Data, led by CEO Joe Dunnigan, is a pioneer in the field of alternative sports trading data. The company unlocks the potential of millions of participatory fans and potential bettors for sportsbook operators, media platforms, and event producers. By offering real-time dynamic trading data from a diverse sports portfolio, ALT Sports Data aims to engage with over one billion global alternative sports fans.
The proprietary trading platform developed by ALT Sports Data covers the full wagering lifecycle for all offered events. It generates independent, algorithm-driven, and mathematically correct betting markets using dedicated models. In addition, the platform seamlessly incorporates in-play betting markets for specialist sports, aligning with the enthralling nature of live sports.
With this latest funding round, ALT Sports Data has secured 17 official league rights deals and 35 commercial agreements. The company has already generated revenue across three fronts: data, demand generation, and league services. The funds raised will be utilized to efficiently scale the business and capitalize on the massive gap in the sports betting industry.
Joe Dunnigan, CEO of ALT Sports Data, expressed pride in providing data, audiences, and trading services for dozens of premium and established sports properties. These properties represent a combined social media footprint of over 65 million passionate fans. The company's mission is to bring compelling new content and drive engagement for alternative sports and athletes worldwide.
The closing of this seed funding round marks a significant milestone for ALT Sports Data. The company is poised to revolutionize the world of sports, sports betting, and entertainment. With investments from leading venture capital firms and a strong infrastructure in place, ALT Sports Data is well-positioned to tap into the growing wave of new sports enthusiasts.
ALT Sports Data's success is a testament to the convergence of sports betting and entertainment as a megatrend. The company's bold plans and innovative solutions have attracted the attention of industry veterans and investors alike. With a global reach exceeding one billion potential bettors, ALT Sports Data is set to make a lasting impact in the sports industry.
For more information on ALT Sports Data, please visit their website at altsportsdata.com or email them at connect@altsportsdata.com.