# YouBet Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/youbet-technology

- Industry: Internet
- Headquarters: Brooklyn, US
- Website: www.playpickup.com
- Total disclosed funding: $2.4M
- Latest round: Seed (May 28, 2020)
- Investors on record: 5

## About

YouBet Technology, Inc. offers innovative digital solutions enhancing user engagement in the sports betting and online gaming sectors, focusing on providing a reliable platform for interactive experiences.Founded in 2018 in Brooklyn, US, YouBet Technology, Inc. operates within the sports betting realm, primarily focusing on online gaming solutions. The company has not undergone significant pivots or changes in its operational strategy since inception. Dan Healy serves as both the CEO and founder, bringing his extensive background in tech startups to the firm. YouBet Technology has raised USD 2.420 mn in total through 2 investments, with the latest funding round being a Seed round closed on May 28, 2020, led by KB Partners and including other investors like Connetic Ventures and DRIVE by DraftKings.YouBet Technology, Inc. specializes in providing an engaging online sports betting platform, allowing users to interactively engage with various gaming options. Their services are tailored to enhance the user experience in sports betting, catering to a diverse clientele that includes casual bettors and dedicated gaming enthusiasts. The company operates across North America and Europe, focusing on ensuring a seamless interface, optimizing performance, and implementing robust security features.YouBet Technology, Inc. employs a subscription-based revenue model that allows customers to access its platform through various pricing tiers, accommodating different user needs. This model includes options for monthly or annual payments, with additional fees for enhanced features. The company also collaborates with affiliates to broaden its customer reach and create both B2B and direct-to-consumer opportunities. This structured approach to revenue generation ensures consistent income while fostering long-term client relationships.As of May 2020, YouBet Technology, Inc. aimed to leverage its recent Seed funding, totaling USD 2.420 mn, to bolster product development and expand its market reach. The company plans to introduce new features and enhancements to its platform, targeting additional markets in North America and Europe by the end of 2022. The funding will support the development of innovative solutions that align with user demands and market trends, solidifying its position in the competitive landscape of online gaming.

## Funding rounds

- Seed, May 28, 2020 — KB Partners, Connetic, Drive by DraftKings
- Seed, Apr 30, 2020, $2.4M — KB Partners, Connetic, Sutter Rock Capital, Drive by DraftKings, Sharp Alpha Advisors

## Investors

- KB Partners (https://capitalatlas.ai/funds/kb-partners) — Seed
- Connetic (https://capitalatlas.ai/funds/connetic) — Seed
- Sutter Rock Capital (https://capitalatlas.ai/funds/sutter-rock-capital) — Seed
- Drive by DraftKings (https://capitalatlas.ai/funds/drive-by-draftkings) — Seed
- Sharp Alpha Advisors (https://capitalatlas.ai/funds/sharp-alpha-advisors) — Seed