# InPhase Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inphase-technologies

- Industry: Software
- Headquarters: Longmont, US
- Website: www.inphase-technologies.com
- Total disclosed funding: $58M
- Latest round: Series D (Jan 1, 2008)
- Investors on record: 10

## About

InPhase Technologies Inc. operates an innovative online betting platform specializing in slot games and casino services, enhancing the gambling experience through user-friendly technology.InPhase Technologies Inc. was founded in 2000 in Longmont, US, focusing on online gambling solutions. The company has undergone strategic pivots in its operations, evolving to meet market demands. It has successfully raised USD 20.00 mn during its Series D funding round in January 2008, attracting investment from Covestro, Hitachi, New Venture Partners, and Signal Lake. The company has completed a total of 3 deals.InPhase Technologies primarily offers an online betting platform that specializes in slot games and casino services, focusing on delivering a seamless user experience. Their core product is a mobile-friendly website supporting various payment methods, including a unique deposit feature for local mobile wallets. Catering to enthusiastic online gamblers, the platform addresses the growing demand for reliable betting options in Southeast Asia, particularly in Indonesia.The revenue model for InPhase Technologies is driven by transaction fees on bets placed within their platform. Users engage in diverse online gambling activities, including sports betting and slot gaming, with a straightforward deposit and withdrawal system. Revenue is generated through direct-to-consumer transactions as players fund their accounts for gameplay. The platform encourages a high volume of smaller transactions and utilizes promotional bonuses and cashback initiatives to enhance customer engagement and revenue generation.InPhase Technologies aims to leverage its recent Series D funding of USD 20.00 mn to support growth initiatives, including the development of new gaming products set for release in the upcoming year. The company is also targeting expansion into additional Southeast Asian markets, building on its established presence in Indonesia, to capitalize on the region's growing online gambling popularity. This strategic approach is designed to strengthen their market position and enhance overall revenue.

## Funding rounds

- Series D, Jan 1, 2008, $20M — Signal Lake, New Venture Partners, Hitachi, Covestro
- Series C, May 1, 2005, $32M — New Venture Partners, Japan Asia Investment Company, Alps Alpine, Covestro, Yasuda Enterprise Development, Nanotech Partners, Mitsubishi HC Capital
- Series B, Dec 4, 2002, $6.3M — New Venture Partners, Newton Technology Partners, Mitsubishi HC Capital

## Investors

- New Venture Partners (https://capitalatlas.ai/funds/new-venture-partners) — Series B, Series C, Series D
- Newton Technology Partners (https://capitalatlas.ai/funds/newton-technology-partners) — Series B
- Mitsubishi HC Capital — Series B, Series C
- Japan Asia Investment Company (https://capitalatlas.ai/funds/japan-asia-investment-company) — Series C
- Alps Alpine — Series C
- Covestro — Series C, Series D
- Yasuda Enterprise Development (https://capitalatlas.ai/funds/yasuda-enterprise-development) — Series C
- Nanotech Partners (https://capitalatlas.ai/funds/nanotech-partners) — Series C
- Signal Lake (https://capitalatlas.ai/funds/signal-lake) — Series D
- Hitachi — Series D