What is Jackpocket?
Jackpocket operates as a third-party mobile application based in New York City, founded in 2013. The platform provides users with a secure and convenient method to order official state lottery tickets for major games such as Powerball and Mega Millions. By bridging the gap between traditional lottery play and digital accessibility, Jackpocket has positioned itself as a key player in the evolving landscape of lottery services, catering to a growing demand for mobile-first solutions in the gaming industry.
How much funding has Jackpocket raised?
Jackpocket has raised a total of $202.6M across 5 funding rounds:
Private Equity
$2.6M
Series B
$16M
Series A
$14M
Series C
$50M
Series D
$120M
Private Equity (2015): $2.6M, investors not publicly disclosed
Series B (2018): $16M led by Conductive Ventures, Digital Currency Group, BlueRun Ventures, Bullpen Capital, Subversive Capital, and DCM Ventures
Series A (2019): $14M, investors not publicly disclosed
Series C (2021): $50M featuring Gaingels companies, Circle K Ventures, BRV Capital, RAINE GROUP LLC, TEGNA Ventures, and Greenspring Associates Inc
Series D (2021): $120M backed by Greenspring Associates, Left Lane Capital, Anchor Capital, Kevin Hart, and Gaingels
Key Investors in Jackpocket
Gaingels companies
Gaingels is a leading investment syndicate supporting the LGBTQ community and allies in venture capital, known for its significant deployment of capital into a diverse portfolio of companies.
Circle K Ventures
Circle K Ventures is an investment arm that likely focuses on strategic opportunities within the retail and convenience sector, potentially aligning with consumer-facing technology and services.
BRV Capital
BRV Capital is a private equity firm that invests in growth-stage companies, often focusing on sectors with strong market potential and opportunities for operational improvement.
What's next for Jackpocket?
The recent major strategic investment signals Jackpocket's readiness for accelerated expansion and potential market consolidation. With significant backing, the company is poised to enhance its technological infrastructure, broaden its geographic reach, and potentially explore new product verticals within the digital gaming and lottery space. This infusion of capital will likely fuel further innovation and strengthen its competitive advantage as it navigates the dynamic regulatory and market conditions.
See full Jackpocket company page
