# KonekTV

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

- Industry: Software
- Headquarters: Las Vegas, US
- Website: www.konektv.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Nov 5, 2019)
- Investors on record: 3

## About

KonekTV provides innovative sports betting integration solutions for venues, enhancing customer engagement and experience through seamless betting functionalities. Their platform caters to establishments such as sports bars and restaurants, primarily in the United States.KonekTV, founded in 2017 and headquartered in Las Vegas, US, specializes in sports betting integration platforms for hospitality venues. The company has raised a total of USD 2.50 mn in funding, with its latest round being a Seed round in November 2019, supported by investors including Harris Blitzer Sports & Entertainment, New York Angels, and Pipeline Capital Partners. The firm has completed one deal to date, marking a steady commencement in its funding journey. Seth Schorr, who previously founded other ventures, is one of the key figures behind the company.KonekTV offers a sports betting integration platform designed to enhance customer engagement in bars and restaurants. This platform allows establishments to integrate sports betting into their customer experience, boosting dwell time and average check sizes. By providing seamless interaction between in-venue and at-home betting experiences, KonekTV enables patrons to engage actively with live sports events while enjoying food and beverages. Their solutions primarily target sports bars and restaurants within the United States, capitalizing on the growing legalization and popularity of sports betting.KonekTV generates revenue through partnerships with bars and restaurants that subscribe to their platform for sports betting functionalities and customer engagement tools. The business model is primarily B2B, focusing on fostering long-term relationships with hospitality clients who benefit from enhanced customer retention. Subscription plans grant access to the core betting platform and related customer engagement resources, including features from the EatWatchPlay app. Revenue is structured around these subscriptions, with businesses paying a recurring fee based on selected services, aligning with the rising demand for integrated sports betting solutions in the hospitality sector.KonekTV plans to utilize the USD 2.50 mn raised in Seed funding to enhance its product offerings and expand into new markets. The company is focused on developing and launching new features for its sports betting platform, aiming for a rollout in the upcoming year. Additionally, KonekTV intends to penetrate more regions within the United States where sports betting is gaining traction, leveraging the funding to support these initiatives and strengthen its market presence.

## Funding rounds

- Seed, Nov 5, 2019, $2.5M — Pipeline Capital Partners, Harris Blitzer Sports & Entertainment, New York Angels

## Investors

- Pipeline Capital Partners (https://capitalatlas.ai/funds/pipeline-capital-partners) — Seed
- Harris Blitzer Sports & Entertainment — Seed
- New York Angels (https://capitalatlas.ai/funds/new-york-angels) — Seed