Data startup PandaScore raises €5 million Series A funding
Summary
PandaScore, a French startup focused on artificial intelligence-driven statistics and odds data, announced today that it has raised €5M (£4.55 million) in a Series A funding round. Flavien Guillocheau, Founder and CEO of PandaScore, commented in a release: “Esports’ explosive growth is dependent on better data. Better data lets media companies broadcast more engaging content, bookmakers offer better esports products, and teams and tournaments capture more lucrative sponsoring money. Olivier Martret, Principal at Serena, added: “The COVID-19 pandemic highlighted a significant lack of resilience among traditional bookmakers, who really need to increase their agility. At Serena, we are convinced that PandaScore’s tech is a key asset both for traditional bookmakers, enabling them to gain new market shares, and for newcomers in the bookmaker industry, offering them an unfair advantage to provide efficient and reliable services.” Esports Insider says: Data is a rapidly-growing sector of the esports industry, and there are many companies jostling for a larger piece of the pie.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
