Esports odds feed and risk management provider Oddin has received funding from a strategic investor group.
The investment was led by Alex Igelman, founder of Esports Capital Corp. and media technology investor Jeff Sagansky. Financial details surrounding the funding were not disclosed.
Vlastimil Venclik, CEO of Oddin commented in a release: “We are delighted to welcome this group of highly experienced strategic investors to Oddin.
“We are truly confident that with the guidance and support of thought leaders such as Alex and Jeff, in conjunction with Oddin’s focused and dedicated team, we will continue to innovate and lead the way in the field of AI-driven esports betting odds feed and risk management solutions.”
Oddin has prioritised several partnerships with sports betting platforms and igaming software companies this year to expand access to its esports solution in various markets. This includes deals with Austrian sports betting platform provider Arland and Malta-based sportsbook Sirplay, the latter of which features an emphasis on the Latin American market.
Marek Suchar, Head of Partnerships at Oddin added: “Our vision is to provide the most entertaining live esports betting experience. We cannot wish for better partners on this journey than Alex with his decades of esports and betting expertise, and Jeff with his tremendous experience from the media and entertainment industries.
“Both of them are bringing huge value to Oddin, but mainly to our partners that will benefit from both existing as well as new verticals that we are planning to launch in 2021.”
Esports Insider says: Oddin is a relatively new player in the esports betting space, but one with clear intentions and strong ambition. The company has a sharp emphasis on enhancing in-play betting offerings and driving engagement in esports, which should play nicely in the grand scheme of things.