# PandaScore

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

- Industry: Software
- Headquarters: Paris, France
- Website: www.pandascore.co
- Total disclosed funding: $9.8M
- Latest round: Series C (Aug 17, 2021)
- Investors on record: 7

## About

PandaScore SAS is a technology company that specializes in delivering comprehensive esports data and odds solutions, catering primarily to sportsbooks and betting platforms to enhance their user experience.Founded in 2015 and headquartered in Paris, France, PandaScore SAS provides advanced esports data services. The company has not undergone significant pivots and operates independently. Jonathan Retterer founded the company, which has secured multiple rounds of funding, including a Series C round on August 17, 2021, totaling EUR 2.05 mn. The company has raised a total of EUR 2.05 mn and is currently valued at EUR 25.857 mn.PandaScore specializes in providing an advanced esports data and odds API, targeting popular games such as League of Legends, Counter-Strike 2, and Dota 2. The company combines an expert trading team with data-driven, AI-powered technology to deliver accurate statistics and odds for its clients, which include sportsbooks and betting platforms. These products are designed to enhance the betting experience by offering extensive data coverage, live statistics, and a variety of unique markets. PandaScore’s offerings are utilized across multiple geographical regions, including Europe, North America, and parts of Asia, catering to a diverse clientele in the esports betting industry. The firm supports its customers with a direct line of communication, enabling tailored solutions that address specific market needs.PandaScore's revenue in the most recent year, 2016, was EUR 7,250.9, and the company reported an EBITDA of EUR -70,232.5. The revenue is generated primarily through partnerships with sportsbooks and betting operators, which leverage its comprehensive data and odds services. Transactions typically occur through B2B agreements where clients subscribe to PandaScore’s API for access to real-time data and odds tailored to esports events. The company reported over EUR 400 mn in total bet volume on its platforms in 2023, indicating robust engagement with its services. Clients benefit from a structured service offering that includes in-play statistics and a diverse array of betting options, ensuring they can provide comprehensive coverage for esports events. The ongoing growth in the esports market reflects the demand for such specialized products and services, confirming PandaScore's role as a key player in this sector.PandaScore plans to utilize the EUR 2.05 mn raised in Series C funding to enhance its product offerings and expand into new markets. The company is currently focusing on the development of new products aimed at enhancing user engagement in esports betting. PandaScore is targeting expansion into North American and Asian markets by 2023, aiming to broaden its reach and client base. This strategic initiative aligns with the growing demand for esports data solutions, and the funding will support the development and marketing of these new products.

## Funding rounds

- Series C, Aug 17, 2021, $2.4M — KB Partners, Serena
- Series C, Sep 17, 2020, $3.8M — Alven, KB Partners, Serena, aXiomatic Gaming, LLC, Kostogri
- Series B, Apr 8, 2019, $1.3M — Alven, 50 Partners
- Series A, Jul 4, 2017, $2.2M — Alven, Global Founders Capital, 50 Partners
- Angel, Jul 18, 2016, $0.3M — 50 Partners
- Seed, Dec 1, 2015 — 50 Partners

## Investors

- 50 Partners (https://capitalatlas.ai/funds/50-partners) — Seed, Angel, Series A, Series B
- Alven (https://capitalatlas.ai/funds/alven) — Series A, Series B, Series C
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- KB Partners (https://capitalatlas.ai/funds/kb-partners) — Series C
- Serena (https://capitalatlas.ai/funds/serena) — Series C
- aXiomatic Gaming, LLC — Series C
- Kostogri — Series C