Angstrom Sports is a technology company.
Angstrom Sports has raised $1.0M across 1 funding round.
Angstrom Sports has raised $1.0M in total across 1 funding round.
Angstrom Sports has raised $1.0M in total across 1 funding round.
Angstrom Sports's investors include IGAMING IDEAS.
Angstrom Sports is a technology company that builds a sports forecasting and data analytics platform specializing in US sports, using machine learning and advanced modeling to predict player and team performances.[1][2][3] It offers products for odds generation, trading, risk management, granular play-by-play data, and low-latency in-running pricing, primarily serving sports betting operators to enable accurate lines and competitive edges in markets like parlays and in-play wagering.[1][2] The company solves the challenge of producing high-quality, real-time predictions for major US sports (e.g., MLB, NHL, basketball), outperforming traditional forecasters in speed and precision; founded in 2018 in London, UK, it achieved strong growth before being acquired by Entain in July 2023 for approximately $160 million (within a $105.92M–$265.45M range).[1][2]
Angstrom Sports was founded in 2018 in London, United Kingdom, as an innovative forecasting and data analytics business focused on machine learning-driven predictions for individual player and team performances, with an emphasis on the four major US sports.[1][2][3] Specific founders are not detailed in available sources, but the company emerged to address gaps in sports betting analytics, particularly for in-running pricing and play-by-play simulations.[1][2] Early traction built around its technology's ability to deliver higher-quality, lower-latency outputs than competitors, culminating in its acquisition by Entain in July 2023—a pivotal moment that integrated its capabilities into Entain's portfolio, including BetMGM, to enhance US sports betting offerings.[1][2]
Angstrom Sports rides the wave of legalized US sports betting post-2018 PASPA repeal, fueling explosive growth in in-play and parlay wagering amid a market projected to expand rapidly.[2] Its timing aligns perfectly with surging demand for AI-driven analytics in a data-intensive industry, where low-latency predictions are critical for operators like BetMGM to compete.[1][2] Market forces favoring it include the rise of machine learning in sports tech and global expansion of betting giants like Entain, amplifying its influence through acquisitions that embed its tech into larger ecosystems for enhanced pricing and risk tools.[1][2]
Post-acquisition, Angstrom Sports will likely deepen integration into Entain's global brands, unlocking scaled deployment of its forecasting tech across US and international markets, particularly boosting BetMGM's parlay and in-play dominance.[1][2] Trends like AI advancements in real-time data processing and further US betting legalization will propel its growth, potentially evolving its role from standalone innovator to core engine for industry-wide pricing revolutions. This positions it to redefine sports analytics edges, tying back to its origins as a precision tool in a high-stakes arena.
Angstrom Sports has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Series A in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $1.0M Series A | IGAMING IDEAS |