What is Wagr?
Founded in 2020, Wagr operates within the competitive sports betting and social gaming sector. The platform differentiates itself by enabling users to easily set up sports bets and share them with friends, while also providing a system to track outcomes. This focus on social interaction and simplified bet management aims to capture a segment of the market seeking a more engaging and less complex betting experience. The company's development signifies a move towards integrating social dynamics into traditional sports wagering.
How much funding has Wagr raised?
Wagr has raised a total of $16M across 2 funding rounds:
Angel/Seed
$4M
Series A
$12M
Angel/Seed (2021): $4M with participation from Greycroft Partners, Seven Seven Six, Justin Mateen, Brad Martin, and Pear Ventures
Series A (2022): $12M led by Greycroft, Seven Seven Six, Pear VC, Harris Blitzer Sports & Entertainment, BITKRAFT Ventures, and Kraft Group
Key Investors in Wagr
Greycroft Partners
Greycroft Partners is a venture capital firm specializing in internet and mobile markets, known for supporting entrepreneurs with extensive industry networks to foster growth and market entry for their portfolio companies.
Seven Seven Six
Seven Seven Six is an early-stage venture capital firm focused on innovation at the intersection of product and people, providing capital and operational support to help startups scale.
BITKRAFT Ventures
BITKRAFT Ventures is a global venture capital firm with a focus on early- and mid-stage investments in gaming and emerging technologies, particularly in synthetic reality.
What's next for Wagr?
With its recent major strategic investment, Wagr is poised for accelerated growth and product development. The infusion of capital is expected to fuel enhancements to its platform, expand its user base, and potentially explore new market opportunities. The company's ability to attract substantial backing from prominent investors suggests confidence in its business model and its capacity to scale within the rapidly evolving sports technology and betting industry. Future initiatives will likely focus on solidifying its market position and leveraging its social features for competitive advantage.
See full Wagr company page
