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ZenSports

company

About

Mobile sports betting against the house or peer-to-peer, using fiat or cryptocurrencies

Details

Last Funding Type
Series B
Industries
Blockchain,Cryptocurrency,Gambling,Mobile Apps,Sports
Founded date
Nov 1, 2016
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
ZenSports, Inc.

ZenSports is a mobile sports betting app that is all about offering more choices to the next generation of sports bettors compared to any other platform. With ZenSports, customers can choose to bet against the house or create their own bets with their own odds and terms (peer-to-peer). Peer-to-peer bets can be shared with friends or anonymously via the app’s mobile marketplace, all without the need for a bookmaker and all right from their phone.

ZenSports also offers more options for how sports bettors can fund their accounts and which currencies they can wager in. Funding can take place using traditional fiat methods, such as debit/credit cards and wire transfers, as well as a variety of cryptocurrency options, such as the crypto form of Dollars (Tether), Bitcoin, and ZenSports’ proprietary token called SPORTS. Almost 100% of the funding in ZenSports takes place using cryptocurrencies, and over 91% of bets in ZenSports are wagered using SPORTS tokens. ZenSports is proving out a real-world use case for cryptocurrencies that consumers are using in their everyday lives.

The SPORTS Rewards Program that ZenSports has built out around its SPORTS token is a new and unique way of offering rewards that is unmatched by any other gaming provider. By betting with SPORTS tokens, customers can earn discounted betting fees, cash back bonuses, and other cool and fun rewards. Betting with SPORTS tokens gives consumers a more exciting and rewards-driven experience for wagering on sports than what traditional gaming providers offer.

ZenSports is currently operating in 87 countries outside the United States, and the company is now moving quickly to get licensed and launched in the US.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
13
$5.47M
ZenSports has raised a total of $5.47M in funding over 2 rounds. Their latest funding was raised on Sep 24, 2021 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 24, 2021 Series B 2 Detail
Mar 16, 2021 Series A $2.41M 7 Detail
Mar 15, 2021 Series A 3 Detail
Feb 15, 2021 Secondary Market Detail
Jan 21, 2021 Convertable Note 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
20
ZenSports is funded by 20 investors. LAUNCH and Jor Law are the most recent investors.
Investor Name Lead Investor Funding Round
LAUNCH Yes Seed
Jor Law Yes Seed
4G Capital Series B
Allied Venture Partners Series B
10X Capital Series A
Alain Benzaken Series A
Calm Ventures Series A
Gaingels Series A
MicroVentures Series A
Twenty Five Ventures Series A

Employee Profiles

Number of Employee Profiles
4
ZenSports has 4 current employee profiles, including Executive Mark Thomas
Executive
Board member
Executive