TLDR:
- Winible, a platform for sports betting influencers, has raised $6 million in seed funding.
- The platform allows influencers to monetize their picks through digital storefronts, attracting investors like Ray Lewis and Mike Rabil.
Article Summary:
Winible, a platform designed for sports betting influencers, recently secured $6 million in seed funding from a variety of investors. The platform enables influencers to create storefronts for subscribers looking for picks and insights. This provides a professional platform for high-profile handicappers to distribute their content and handle payments conveniently. The company had a soft launch last year and already boasts 75,000 active subscribers who have collectively placed $30 million in bets with about 100 influencers.
The funding round was spearheaded by Inspired Capital, a venture capital fund founded by Alexa von Tobel and co-founded by Penny Pritzker. Other notable investors in the round include NFL Hall of Famer Ray Lewis, Premier Lacrosse League co-founder Mike Rabil, and World Jai-Alai League chairperson Scott Savin. The platform also attracted investors like Kyle Christensen, Jamie Sharp, and Jesse Boskoff.
Winible differentiates itself by offering subscription management tools, text alert capabilities, self-service support, and custom discount codes capabilities to influencers. The platform operates on a revenue-sharing model with handicappers, although exact revenue and valuation figures are undisclosed.
