Sharp Alpha Advisors raises $10m for betting tech startups
| By Marese O'Hagan
Sports betting startup firm Sharp Alpha Advisors has announced the closing of Sharp Alpha Fund I, a $10.0m venture capital fund that will be invested in sports betting technology startups.
The fund has already provided financial support to 11 startups, including Players’ Lounge, PickUp and Prophet.
Initially, the fund will focus on donating to sports betting startups that average $250,000 in Seed and Series A funding, with a plan to offer additional support in later funding rounds.