Odds On Compliance has received strategic investments from a group led by SeventySix Capital, as Tekkorp Capital also participated in the round.
The investment in Odds On Compliance, a technology and consultancy firm specialising in sports betting, igaming, and gambling regulatory compliance in the US and abroad, adds to SeventySix Capital’s growing portfolio of companies that are “transforming the sports industry”.
Eric Frank, founder & CEO of Odds On Compliance, noted that the investment was “another big step” in the company’s evolution as a “compliance-focused technology company”. He continued: “These are intentional investments that bring the best of sports, technology, and data into our ecosystem.
“We are proud to partner with this diverse investment group as we continue to grow.”
Echoing Frank’s statement, SeventySix Capital’s managing partner, Wayne Kimmel, explained that the company is “proud to lead this investment” stating the Odds On Compliance team, led by Frank, “exemplifies the types the types of entrepreneurs that SeventySix Capital invests in who are shaping the sports betting industry”.
Kimmel added: “Their experience, relationships, and knowledge of the gaming and compliance industry gives us complete confidence in their ability to build a market–leading company.”
Tekkorp Capital, who also invested in the round and funds private and public companies in the igaming sector, will act as a strategic advisor to Odds On Compliance as the former’s strategic advisor, Robin Chhabra, added: “Odds On Compliance has an exciting future ahead, and their application of tech, and AI in particular, to the compliance and regulation industry, is going to be game changing.”