PropSwap operates a secondary, peer-to-peer marketplace that lets customers who place legal U.S. sports bets list tickets for sale at prices they set and helps them find buyers. Buyers on the platform can purchase tickets directly from other individuals to access better odds. The company raised $2M in the reported funding round and has now raised over $4M since inception. Backers in the round included Fama Ventures, Chris Grove (partner at Eilers & Krejcik Gaming), David Freedman (founder of Freestar), executives from Airbnb and Instacart, private equity executives, and current investors. PropSwap intends to use the new funds to launch the marketplace in newly legalized states, accelerate product development, increase user acquisition, and continue partnering with gaming operators around the country. The company was founded in 2015 by Luke Pergande and Ian Epstein and is based in Las Vegas.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2021