WagerWire raises $3m in its latest seed funding round
Most recent round was led by co-owner of the Miami Marlins and Leeds United FC Roger Ehrenberg
New sports betting marketplace WagerWire has raised $3m in seed funding, with backers including SimpleBet founder Joey Levy and former deputy director, New Jersey Division Of Gaming Enforcement (DGE) George Rover.
WagerWire’s premise is that sports bettors can buy and sell previously placed sports bets through the solution’s marketplace or within its partner sportsbook apps.
Roger Ehrenberg, co-owner of the Miami Marlins and Leeds United FC, led the financing on behalf of his venture capital firms, IA Sports Ventures and Eberg Capital. Cardinal Sports Capital is also a key investor through its new accelerator program with HPL Digital Sport.
SimpleBet founder Joey Levy’s 305 Ventures, Full Moon Sports Solutions, Sports Meta, former NJ DGE deputy director George Rover, legal firm Cooley LLP, and early investors in Palantir, Canva, and Tesla are among those that participated in the latest funding round.
Zach Doctor, WagerWire co-founder and CEO, said: “People want more control over their betting journey, and the WagerWire marketplace gives them the ability to flip bets like they would stock on Robinhood or a pair of Jordans on StockX.
“We’re thrilled to have such a prolific syndicate in our corner as we bring this product to the masses,” Doctor added.
Ehrenberg commented: “As sportsbooks search for cost-effective acquisition and retention strategies, WagerWire is a new solution to create a more engaging and social experience for bettors.
“The WagerWire team has a clear vision about how to harness core economic principles in order to create a flywheel effect that drives value for both bettors and sportsbooks.”
WagerWire also said that it would announce several marquee sportsbook partnerships soon.