# Oxynade

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

- Industry: Internet
- Headquarters: Gent, Belgium
- Website: www.oxynade.com
- Total disclosed funding: $0.7M
- Latest round: Series A (Dec 24, 2008)
- Investors on record: 2

## About

Oxynade is a Belgium-based company that offers a comprehensive online sports betting platform, catering to a wide array of markets, including traditional sports and e-sports, enhancing the betting experience for users across Europe.Founded in 2007 in Gent, Belgium, Oxynade specializes in online sports betting services. The company has completed 4 funding deals, with its most recent funding round occurring on May 3, 2017, when it raised EUR 1.8 million from Newion Investments. The total amount raised by the company stands at EUR 1.8 million, indicating a focused investment strategy.Oxynade provides a user-friendly online platform for sports betting, which includes real-time betting on various sporting events and a wide selection of leagues. Its services are tailored to both novice and experienced bettors, featuring competitive odds, live streaming, and a mobile application for convenient betting. Currently, it engages customers primarily in Poland and other European regions.The revenue model of Oxynade primarily relies on transaction fees from sports betting activities. The company retains a percentage of the wagers placed by customers, which spans both pre-match and live betting. This transactional structure establishes direct relationships with users accessing the platform for their betting needs. Promotional bonuses and loyalty programs are offered to enhance user retention and engagement.Oxynade plans to utilize the EUR 1.8 million raised in May 2017 to develop new products and expand into new markets across Europe. Specific upcoming offerings are under design, with a focus on improving user engagement through enhanced features. The company aims to strengthen its presence in Poland and explore additional markets by targeting regions with growing interest in online sports betting.

## Funding rounds

- Series A, Dec 24, 2008, $0.7M — PMV, Arkafund

## Investors

- PMV (https://capitalatlas.ai/funds/pmv) — Series A
- Arkafund (https://capitalatlas.ai/funds/arkafund) — Series A