PropSwap Closes $2 Million Round of Funding
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LAS VEGAS, March 10, 2021 /PRNewswire/ PropSwap, Inc. - America s first and only secondary marketplace to buy and sell sports bets - closed a new round of funding this week, raising $2 Million of additional capital.
The company intends to use the funds to launch the marketplace in newly legalized states, accelerate product development, increase user acquisition efforts, and continue to partner with gaming operators around the country.
Participants of the round include: Boston-based Fama Ventures, Chris Grove (partner at Eilers & Krejcik Gaming, and investor/advisor focused on the legal U.S. sports betting and online gambling industry), David Freedman (founder of Inc. s fastest-growing company in 2019, Freestar), executives from each Airbnb and Instacart, executives in the private equity sector, along with continued follow-on investments from current investors.
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