What is Wagr?
Founded in 2020, Wagr operates as a sports betting app designed for seamless bet creation and social sharing among friends. The platform meticulously tracks wagers, allowing users to focus on the competitive aspect of their betting activities. This focus on user experience and social interaction positions Wagr within the rapidly expanding digital sports entertainment market, aiming to capture a significant share through its unique feature set.
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 Pear Ventures, Greycroft Partners, Seven Seven Six, Justin Mateen, and Brad Martin
Series A (2022): $12M led by Pear VC, Greycroft, BITKRAFT Ventures, Kraft Group, Seven Seven Six, and Harris Blitzer Sports & Entertainment
Key Investors in Wagr
BITKRAFT Ventures
BITKRAFT is a global venture capital firm specializing in early- and mid-stage investments in gaming and emerging technologies, particularly in the realm of synthetic reality. Founded by gamers for gamers, the company focuses on Seed, Series A, and Series B investments across gaming, interactive media, and related technologies.
Seven Seven Six
Seven Seven Six is an early-stage venture capital firm that focuses on innovation at the crossroads of product and people. With nearly $1 billion in assets under management, they utilize a self-developed operating system named Cerebro to enhance team scalability, portfolio monitoring, and support for limited partners.
Harris Blitzer Sports & Entertainment
Founded by Josh Harris and David Blitzer, Harris Blitzer Sports & Entertainment (HBSE) includes in its portfolio the Philadelphia 76ers, the New Jersey Devils, and leading venue Prudential Center in Newark, N.J. Led by some of the best and brightest minds across a diverse spectrum of industries, HBSE positions itself as one of the most pioneering, innovative global sports and entertainment businesses to date.
What's next for Wagr?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Wagr. This capital infusion is expected to fuel product development, enhance user acquisition strategies, and potentially expand into new markets. The company's trajectory suggests a strong focus on scaling its operations and solidifying its position as a leader in the social sports betting arena, leveraging its technology to foster deeper user engagement and competitive camaraderie.
See full Wagr company page
