# UBet Sports

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ubet-sports

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.ubetsports.io
- Total disclosed funding: $2.7M
- Latest round: Seed (Jan 1, 2022)
- Investors on record: 7

## About

Based in Toronto, Canada, and founded in 2021, UBet Sports operates as a decentralized sports betting platform that allows its users to engage with and bet on sporting events. In January 2022, UBet Sports USD 2.7 million in seed funding led by Shima Capital, GSR Capital, Republic Crypto, LD Capital, Old Fashioned Research, Hyperion Decimus, and M6, with participation from individual investors also participated in the round. As of July 2023, the company is led by its CEO Daniel Im.

UBet Sports product is its decentralized sports betting platform. Its user-friendly interface allows both seasoned bettors and newcomers to start betting on their favorite sports events. Users can join the platform by connecting via email or Meta Mask wallet and receive free UBUCKS test tokens to begin betting. UBET boasts a wide range of sporting events and eSports tournaments, offering fair odds and no wager limits, allowing users to bet on their own terms. Furthermore, UBET's use of blockchain technology ensures maximum security and transparency for its users.

## Funding rounds

- Seed, Jan 1, 2022, $2.7M — Groupe M6, Hyperion Decimus, GSR Capital, Shima Capital, Old Fashion Research, Republic Crypto, LD Capital

## Investors

- Groupe M6 — Seed
- Hyperion Decimus — Seed
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- Old Fashion Research (https://capitalatlas.ai/funds/old-fashion-research) — Seed
- Republic Crypto — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed