# CrashPad

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crashpad

- Industry: Travel & Leisure
- Headquarters: Los Angeles, US
- Website: www.joinovernight.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Feb 25, 2016)
- Investors on record: 3

## About

CrashPad Inc. is an innovative company focused on revolutionizing the way individuals engage in online sports betting through their platform, designed to serve both casual and serious bettors effectively.Founded in 2015 in Los Angeles, US, CrashPad Inc. operates an online sports betting platform that allows users to place wagers on various sports events. The company raised USD 2.5 million in Seed funding in February 2016, co-led by Accomplice and CrossCut Ventures Management, with participation from MetaProp. The total amount raised by the company stands at USD 2.5 million, reflecting its commitment to enhancing user experience in online betting.The company's primary offerings center around sports betting through the "judi bola" platform, enabling users to engage in online sports wagering with diverse betting options. The platform is designed to appeal to a wide range of users, from novice bettors to experienced gamblers, and provides educational resources to aid understanding of the betting process. Accessible in multiple geographical markets, including Southeast Asia and parts of Europe, the service caters to an expanding audience as interest in both sports and gambling rises in these regions.CrashPad Inc.'s revenue model is based on transaction-derived earnings from sports betting activities. The platform generates income by taking a commission on each bet placed, operating directly with consumers. Revenue is influenced by the volume of bets, and the company offers various pricing structures for promotional opportunities, which are determined by real-time data and user engagement in accordance with different sporting events' odds.CrashPad Inc. plans to utilize its recent Seed funding of USD 2.5 million, secured in February 2016, to enhance its platform functionalities and expand its market presence. The company is focusing on developing new betting features that will be rolled out in the coming months. Additionally, the company aims to penetrate new markets in South America and Africa by the end of 2023, targeting regions where online sports betting is gaining traction and regulatory landscapes are evolving favorably.

## Funding rounds

- Seed, Feb 25, 2016, $2.5M — Crosscut Ventures Management, Accomplice, MetaProp

## Investors

- Crosscut Ventures Management (https://capitalatlas.ai/funds/crosscut-ventures-management) — Seed
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed