WagerWire
11270 Exposition Boulevard, Floor 2, #642029, Los Angeles, CA, 90064, United States
Overview
The WagerWire secondary marketplace gives players the ability to Buy and Sell active sports bets and fantasy entries, creating new ways to speculate, capture profit and reduce losses. Bets no longer simply just win or lose, they are Up or Down and players have agency over their action throughout the game and season. We take the model B2B2C by partnering and directly integrating with sportsbook and fantasy operators to power aftermarket trading in their own apps + the WagerWire app, in tandem with media/content/affiliate services. The result is a differentiated, social, and sticky experience that meaningfully increases betting activity, improves LTVs, and lowers CAC for our partners. By unlocking secondary market activity, and the social engagement that happens on top of this marketplace, WagerWire is an engine for leveraging an operator’s audience into the most active, engaged and passionate customer base in the industry.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Contests
- Data Integration
- E-Commerce
- Fantasy Sports
- Gambling
- Gaming
- Internet
- Marketplace
Investment portfolio
- WagerWire
Led · Seed · Jul 2022
WagerWire operates a sports betting marketplace that allows users to place bets on live movements and momentum swings on the platform or within partner sportsbooks. The platform tracks bets in real time and enables users to cash out, buy into future bets, and buy and sell previously placed bets. WagerWire positions its marketplace as a way for bettors to flip bets like stocks on Robinhood or items on StockX, giving users more control over their betting journey. CEO Zach Doctor said, “Now your bet no longer has to win to make you money,” and the company is aiming to bring the product to the masses. WagerWire markets its product as a cost‑effective acquisition and retention solution for sportsbooks that creates a more engaging and social experience for bettors. The company has raised US$3m in a seed funding round and lists early investors including Palantir, Canva and Tesla.