Chalkline secures $2.7m in Series A funding
Experienced igaming industry investors join round as US start-up expands board
Free-to-play and real-money games provider Chalkline has closed a Series A funding round worth $2.7m.
The round was spearheaded by Parlay Capital Holdings and Patrick Conroy, while Parlay Capital’s Greg Buonocore has joined the Chalkline board of directors alongside Conroy.
Other investors in the round include Paysafe US acquiring division CEO Afshin Yazdian, as well as Andrew Braitchouk, group finance director at Sports Media Interactive, and Clay Travis of Fox Bet Live and Outkick.
Chalkline said it plans to use the financial backing to enhance its product development and “commercial momentum”.
Daniel Kustelski, CEO and co-founder of Chalkline, commented: “We are thrilled to welcome this outstanding group of professional investors and seasoned gaming executives to our team.”
He added: “The North American sports betting and igaming industry are experiencing incredible growth.
“Our localised, state-level free-play sports games have always been a key part of the Chalkline product suite, but we’re most excited about the rollout of our personalisation products, like our game-changer ‘favourite team’ game.”
Headquartered in Nashville, Tennessee, Chalkline says it has delivered 20,000 unique games to more than eight million players.
The company powers free-to-play and real-money games for the likes of Churchill Downs, Chive Media Group and JACK Entertainment.
Kustelski recently explained to EGR North America how taking an omni-channel approach can allow US casinos to acquire online bettors at much lower CPA rates.