What is Rivalry?
Rivalry operates within the burgeoning online gambling sector, offering regulated betting experiences across sports, esports, casino, and fantasy games. The company holds licenses in Ontario and the Isle of Man, enabling its global reach. By leveraging emerging technology, innovative design, and entertainment value, Rivalry aims to capture the under-30 demographic, a segment deeply immersed in digital culture and seeking proprietary gambling experiences. This strategic focus on a younger, digitally-savvy audience differentiates Rivalry in a competitive market.
How much funding has Rivalry raised?
Rivalry has raised a total of $49.3M across 3 funding rounds:
Unspecified
$20M
Other Financing Round
$22M
Other Financing Round
$7.3M
Unspecified (2021): $20M, investors not publicly disclosed
Other Financing Round (2021): $22M led by Cormark Securities, Inc, Canaccord Genuity, M Partners, and Eight Capital
Other Financing Round (2023): $7.3M supported by Pinnacle
Key Investors in Rivalry
Cormark Securities, Inc
Cormark Securities Inc. is an independent investment dealer that provides counsel to institutional investors and growth-oriented companies, with a global client base and a history dating back to 1981.
Canaccord Genuity
Canaccord Genuity Group Inc. is a full-service financial firm established in 1950, operating in wealth management and capital markets, headquartered in Vancouver, British Columbia.
M Partners
M Partners Inc. is an independent investment bank based in Toronto, specializing in corporate finance and advisory services, particularly within the Canadian medical marihuana sector, and is a member of IIROC and CIPF.
What's next for Rivalry?
The substantial enterprise-level capital infusion positions Rivalry for significant scaling and market expansion. With a recent strategic investment bolstering its financial standing, the company is poised to enhance its technological infrastructure, broaden its product offerings, and potentially enter new regulated markets. The focus on proprietary experiences and a digital-first approach suggests a continued emphasis on innovation to maintain its competitive edge and capture a larger share of the under-30 online betting market.
See full Rivalry company page
