# Ethyl Ambrosia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ethyl-ambrosia

- Industry: Consumer Products
- Headquarters: Austin, US
- Website: www.ethylambrosia.com
- Total disclosed funding: $0.5M
- Latest round: Seed (May 28, 2020)
- Investors on record: 1

## About

Ethyl Ambrosia operates an online gambling platform, offering sports betting and lottery games primarily in Indonesia, while catering to users with a variety of gaming options.Ethyl Ambrosia, founded in 2018 and headquartered in Austin, US, specializes in online gambling services. The company raised USD 0.45 mn in a Seed funding round led by Third Craft on May 28, 2020. Dee Bryant, the founder and CEO, has a background in launching businesses in the gaming sector.Ethyl Ambrosia’s primary offering, Parlay4d, is a notable online gambling platform in Indonesia. It focuses on sports betting, particularly football (soccer) and various lottery games including 4D lottery options. Users can also access slot machines, live casino games, and poker, all under a single user account, enhancing the overall gaming experience.Revenue is generated through the facilitation of bets placed by users, charging transaction fees and commissions from successful wagers. The platform operates a user-friendly application for both Android and iOS, providing multiple funding methods such as local bank transfers and e-wallets to streamline deposits and withdrawals.Ethyl Ambrosia intends to leverage the recent funding of USD 0.45 mn raised in May 2020 to enhance its offerings and expand its market presence. The company is focused on launching new gaming products and is exploring opportunities to enter additional markets outside Indonesia in the near future.

## Funding rounds

- Seed, May 28, 2020, $0.5M — Third Craft

## Investors

- Third Craft (https://capitalatlas.ai/funds/third-craft) — Seed