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Estimated Fully Diluted Shares:
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Last Round Financing Valuation:
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Company Specialist
Gregory Dietrick West Shore Advisors, Inc.
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Betfair
Betfair is a licensed gambling operator in the UK, Australia, Malta, Italy, Austria and Germany, and claims to be the “world’s biggest betting community”. Betfair enables gamblers to choose their own odds and bet against each other, even after an event has started. Betfair claims more than 5 million transactions a day and 300 bets a second. Additionally, Betfair’s established gaming products include Betfair Poker, Betfair Casino and a number of exchange-enabled games. In order to avoid any potential legal issues with the United States,… more
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Company Overview
Betfair is a licensed gambling operator in the UK, Australia, Malta, Italy, Austria and Germany, and claims to be the “world’s biggest betting community”. Betfair enables gamblers to choose their own odds and bet against each other, even after an event has started. Betfair claims more than 5 million transactions a day and 300 bets a second. Additionally, Betfair’s established gaming products include Betfair Poker, Betfair Casino and a number of exchange-enabled games.
In order to avoid any potential legal issues with the United States, Betfair does not accept American credit cards.
Launched in 2000, Betfair is a profitable and debt-free company with annual revenues exceeding £180 million. Softbank bought a 23% interest in Betfair for $600M in February of 2006, implying a valuation of $2.6 billion. Total funding is reportedly $679 million.
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CEO:
David Yu
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HQ:
London, UK
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Capital Raised:
$678.94M
Financings
- Type: Secondary Transact.
- Date: April-2006
- Total Investment: $547,120,000.00
- Investors:
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- Softbank Investment
- Type: Corporate
- Date: April-2006
- Total Investment: $79,420,000.00
- Investors:
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- Softbank Investment
- Type: Second Round
- Date: June-2000
- Total Investment: $43,780,000.00
- Investors:
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- Benchmark Capital
- Chase Episode-1
- europatweb
- Index Ventures
- UBS Capital
- Type: First Round
- Date: October-1999
- Total Investment: $8,620,000.00
- Investors:
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- europatweb
Round 4
Round 3
Round 2
Round 1
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