# Scorbit

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

- Industry: Software
- Headquarters: Ann Arbor, US
- Website: www.scorbit.io
- Total disclosed funding: $3.7M
- Latest round: Seed (Jun 1, 2024)
- Investors on record: 13

## About

Scorbit, f.k.a. Spinner Systems, Inc., is an innovative gaming platform enhancing interactive play at venues like bars and arcades, offering connected experiences where users can track scores, join tournaments, and win cash prizes.Founded in 2016 and headquartered in Ann Arbor, Michigan, Scorbit operates as an independent company focusing on enhancing the gaming experience. The company has successfully completed 2 funding rounds, with its latest being a Seed round of USD 5.00 mn led by Detroit Venture Partners and supported by various investors, raising a total of USD 5.00 mn.Scorbit provides a comprehensive platform designed to enhance the gaming experience across various settings, including bars and arcades. Their core offerings include live, connected play that allows users to track scores, participate in tournaments, and win real cash prizes. The platform is accessible via the Scorbit app, available on iOS and Android, which enables players to search for nearby locations to engage in games. Scorbit also offers integration capabilities for home gaming collections, allowing users to connect their pinball machines and access features such as live scores, leaderboards, and achievements without the need for a subscription. The primary customer base consists of arcade operators, bar owners, and individual players looking for an interactive gaming experience. Geographically, Scorbit's products are marketed primarily in the United States and Canada, catering to both leisure gamers and competitive players alike.Scorbit generates revenue through its connected gaming platform by facilitating cashless transactions for players at participating venues. The business model revolves around transactions between arcade operators and players, where operators may pay a fee to implement Scorbit’s technology, enabling them to offer enhanced gaming experiences. Players engage with the platform through competitions and tournaments, which may also involve entry fees that contribute to the revenue stream. In addition, the app supports digital payments, simplifying the transaction process and promoting repeat play. Additionally, Scorbit's offerings may include various pricing structures for arcade operators and home users, reflecting the diverse range of services provided, from tournament management to analytics tools for performance tracking.Scorbit plans to further develop its platform by introducing new products tailored to the gaming community. The company aims to expand its reach into international markets, focusing on regions in Europe and Asia by the end of 2024. The recent Seed funding of USD 5.00 mn will be utilized to support these initiatives, enhancing product development and market entry strategies.

## Funding rounds

- Seed, Jun 1, 2024, $3.7M — Ann Arbor SPARK, Invest Detroit, Detroit Venture Partners, Precursor Ventures, Wakestream Ventures, Red Cedar Ventures, Grand Ventures, Gambit Ventures, Side Door Ventures, Mudita Venture Partners, Michigan Rise, Eberg Capital, Weiser Family Office

## Investors

- Ann Arbor SPARK (https://capitalatlas.ai/funds/ann-arbor-spark) — Seed
- Invest Detroit (https://capitalatlas.ai/funds/invest-detroit) — Seed
- Detroit Venture Partners (https://capitalatlas.ai/funds/detroit-venture-partners) — Seed
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- Wakestream Ventures (https://capitalatlas.ai/funds/wakestream-ventures) — Seed
- Red Cedar Ventures (https://capitalatlas.ai/funds/red-cedar-ventures) — Seed
- Grand Ventures — Seed
- Gambit Ventures (https://capitalatlas.ai/funds/gambit-ventures) — Seed
- Side Door Ventures (https://capitalatlas.ai/funds/side-door-ventures) — Seed
- Mudita Venture Partners (https://capitalatlas.ai/funds/mudita-venture-partners) — Seed
- Michigan Rise (https://capitalatlas.ai/funds/michigan-rise) — Seed
- Eberg Capital (https://capitalatlas.ai/funds/eberg-capital) — Seed
- Weiser Family Office — Seed