ZenSports closes additional $1.46M seed funding for its mobile peer-to-peer sports betting marketplace
Summary
We featured ZenSports back in February after the mobile sports betting startup closed over $770K in seed funding. A little over six months later, the San Francisco-based ZenSports announced it has raised an additional $1.46M Seed round of funding to expand into the United States, as well as to continue to grow its international presence. Most importantly, the company signed a deal last month with Strategic Gaming Management for the option to purchase the Big Wheel Casino in Lovelock, Nevada, which will allow ZenSports to operate its peer-to-peer mobile sports betting app anywhere in the state once it gets licensed there. According to ZenSports Co-Founder & CEO, Mark Thomas, “This new funding gives us the stability and financial backing necessary to capitalize on the tremendous opportunity in the United States sports betting market. The company has retained Lewis Roca to obtain all of the necessary licenses to operate the Big Wheel Casino and the ZenSports mobile app in the state.