nvestors in the new round include previous investors LAUNCH (led by Jason Calacanis), as well as new investors Cube Magic Gaming and other individual angels.
After launching its peer-to-peer sports betting app internationally in March 2019, ZenSports has been on a fast growth trajectory. Over 25,000 bets have been accepted and over $12M in betting volume has been processed through the app. The company has continued to expand its product offering, including the launch of its own cryptocurrency token called SPORTS, the launch of its new enterprise product suite, and its expansion into Esports betting.
Most importantly, the company signed a deal last month with Strategic Gaming Management for the option to purchase the Big Wheel Casino in Lovelock, Nevada, which will allow ZenSports to operate its peer-to-peer mobile sports betting app anywhere in the state once it gets licensed there.
According to ZenSports Co-Founder & CEO, Mark Thomas, “This new funding gives us the stability and financial backing necessary to capitalize on the tremendous opportunity in the United States sports betting market. $5.3B was wagered on sports in Nevada last year alone (the