Digital Entertainment Startup Boom Entertainment Raises $ 15 Million in Series A Funding

Boom Entertainment, a New York-based digital entertainment startup, has announced a $ 15 million Series A funding round to boost the sports betting industry.

The round was led by Sands Capital with participation from companies such as Defy Partners, Golden Nugget Online Gaming, Rush Street Interactive, TEGNA, Bettor Capital, Velo Capital, Alpha Bridge Ventures and Heatwave Partners. Influential angel investors like Robert Kraft, owner of the New England Patriots, Jim Murren, former CEO of MGM Resorts International, and Chris Pantoya, former vice president of the NBA, also contributed. Scott Frederick, partner at Sands Capital, said of the tour:

“Boom occupies an enviable position as a leading provider of technology and games in an industry that is both growing rapidly and increasingly in need of product differentiation,” said Scott Frederick, partner at Sands Capital. “Boom offers the entire continuum, from mass and casual free play products to fantasy sports, online casinos and sports betting games. They are the essential partner of any company seeking to maximize its opportunities in this category. “

Boom Entertainment’s product catalog includes the white label NBC Sports Predictor, the Tim Hortons NHL Hockey Challenge, PlayBarstool, NASCAR Jackpot Races and other popular platforms. By offering scalable, fast and reliable products, the startup has become a leading player in the real money casino and sports betting industry. Stephen A. Murphy, co-founder and CEO of Boom Entertainment, said in this regard:

“Sports fans and casino gamers crave something more – new products and games that will transform the way they consume sports and be entertained. With this infusion of capital, we will redefine what real money gambling looks like by introducing new ways to bet on sports and new experiences for players.

Partnering with several media, retail, sports betting and casino companies, as well as a sports league, Boom Entertainment has capitalized on the growing popularity of digital entertainment platforms. This success has been heightened by the ongoing Covid19 pandemic, which has prevented millions of people from using more traditional facilities.

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