Sports Tech Company TAPPP Raises $10 Million And Is Launching Live Betting Service With Major League Rugby
Summary
Sandy Agarwal, TAPPP’s founder and chief executive, said the company has received a vendor license to conduct business with approved sportsbooks in 15 states. Ryan Moore, Accomplice’s co-founder and a member of DraftKings’ board of directors, had previously invested in Landmat, a developer of mobile applications that Agarwal founded in 2001 and later sold to Nokia. Several owners of professional sports teams invested in the Series B round, as well, including Stephen Pagliuca of the Boston Celtics and Peter Tomozawa of the Vegas Golden Knights and Seattle Sounders. “As betting and fan engagement become ubiquitous across platforms, TAPPP is well positioned to facilitate that seamless integration,” Lyle Ayes, Verance Capital’s founder and chief executive, said in a statement. “We’re excited to support them through this next phase of growth.” Agarwal founded TAPPP in 2012 when he was living in Singapore and having trouble accessing Cleveland Browns games on television.