Free sports wagering startup WinView recently raised a $12 million Series B funding round, with investments from Ted Leonsis’ Monumental Sports and Entertainment, among others.
The WinView app is a complement to the sporting experience as fans can place real-time wagers on games while watching them on live television. In turn, fans can win cash prices through the free ad-supported and compete with friends and family to predict what’s happening on the field or hardwood.
The funding, which was led by current Executive Chairman of WinView, Inc. Tom Rogers, will be utilized to develop the skill-based mobile app for sports leagues like the NBA, MLB and NFL. Since the company’s founding in 2014, the total amount raised to date for WinView is $20 million.
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“The WinView Games app is changing the way fans watch live TV sports,” David Lockton, Founder and CEO of WinView, Inc. said in a statement. “Our two-screen technology now backed by 40 patents enables sports fans to get closer to the action and create social connections while testing their knowledge of the sport through in-game predictions. With a skill-based multi-sport platform that offers immediate gratification, we are fueling competition among fans while also driving greater tune-in to live televised sports.”
Added Leonsis, Founder and CEO of Monumental Sports and Entertainment in a statement: “As a team owner, any avenue that creates a greater relationship between the fan and their favorite team and players, as well as greater fan excitement and intimacy, is what local sports franchises are all about. It’s my belief that WinView locks fans more deeply into the game experience and rounds out their desire to interact with other fans and prove their knowledge, predictive power and understanding of the sport.”
Other Series B round investors include Graham Holdings Company, Discovery Communications and LionTree Partners. The app is currently available on Android and iOS.