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§ Private Profile · 530 Seventh Avenue, NY, USA
Provides gaming infrastructure and content studios for free-to-play sports and casino games to the gaming industry.
Boom Entertainment is a developer of mobile platforms and content studios for free-to-play sports and casino games. The company provides digital infrastructure and specialized gaming solutions directly to major sports networks, professional leagues, and the broader gaming industry. To support its ongoing operations and platform expansion, the enterprise has raised a total of $15 million in venture capital funding, which followed a previous $4.5 million financing round. Boom Entertainment is backed by several prominent investors and sports figures, including Neil Sequeira of the venture capital firm Defy, New England Patriots owner Robert Kraft, and a Major League Baseball team owner. While the exact founding year currently remains undisclosed, the organization was established by co-founders Stephen A. Murphy, who serves as Chief Executive Officer, and Med Nadooshan, who operates as President and Chief Technology Officer.
Boom Entertainment has raised $27.5M across 5 funding rounds.
Boom Entertainment has raised $27.5M in total across 5 funding rounds.
# Boom Entertainment: A Technology Company Overview
Boom Entertainment is a technology company specializing in sports betting and online gaming products.[1] Founded in 2015 and headquartered in New York, the company develops world-class gaming applications, sportsbook technology, and casino games for professional sports leagues, media companies, and casino operators.[2] Its mission is to be the premier game developer and technology partner in online gaming.[7]
The company operates across two main verticals: Sports Products and Casino Games.[2] On the sports side, Boom offers free-to-play games and daily fantasy sports applications (Boom Fantasy) that have entertained more than 4 million sports fans, with millions of dollars in winnings distributed.[2] On the casino side, the team builds innovative slot machine games and sportsbook products for distribution across legal U.S. and international iGaming markets.[2] Boom serves major industry players including NBC Sports, Barstool Sports, Penn National Gaming, DraftKings, Golden Nugget, and Rush Street Interactive.[2]
Boom Entertainment was founded in 2015 by a team with deep gaming industry expertise.[2] The leadership team brings substantial experience from the sector: the CEO spent 14 years in gaming, including roles at Card Player Media and High 5 Games, and holds an MBA from Stanford University.[7] The COO and CTO previously led High 5 Games' growth from $4 million to $100 million in annual revenue and held technology leadership roles at major companies like Avaya Global Services.[7] The Chief Financial Officer spent 14 years in gaming finance roles at IGT, Pinnacle Entertainment, and Scientific Games, with involvement in M&A transactions ranging from small acquisitions to multi-billion dollar deals.[7] This founding team's collective experience in both established gaming companies and scaling ventures positioned Boom to understand both the technical and business dimensions of online gaming from inception.
Boom Entertainment operates at the intersection of two major tech trends: the legalization and expansion of online sports betting across North America, and the increasing sophistication of gaming technology platforms. The company's timing is advantageous—as more U.S. states legalize sports betting and iGaming, demand for reliable, scalable technology platforms has grown substantially.[1] Boom's positioning as a technology partner rather than a direct operator allows it to serve multiple major brands simultaneously, making it a critical infrastructure provider in an industry experiencing rapid growth and consolidation.
The company influences the broader ecosystem by raising standards for gaming technology, user experience, and operational excellence. By working with premium brands like NBC Sports and major casino operators, Boom helps establish best practices in product design, analytics, and customer engagement that shape industry expectations.
Boom Entertainment is well-positioned to capitalize on the continued expansion of legal online gaming in North America and internationally. The company's experienced leadership team, focus on technology excellence, and partnerships with marquee brands provide a strong foundation for growth. As the online gaming market matures, demand for sophisticated, scalable technology platforms will likely increase, favoring companies like Boom that can deliver both innovation and operational reliability.
The key question for Boom's future is whether it can maintain its competitive edge as larger gaming companies invest in proprietary technology and as the market consolidates. However, its role as a trusted technology partner to multiple major players—rather than a direct competitor—provides some insulation from these pressures. The company's ability to innovate in game design, user experience optimization, and data analytics will be critical to sustaining its influence in an increasingly competitive landscape.
Boom Entertainment has raised $27.5M in total across 5 funding rounds.
Boom Entertainment's investors include Sands Capital, 7BC Venture Capital, BITKRAFT Ventures, Dreamcraft, Kohala Ventures, Rubicon VC, Science, Larry Braitman, Lawrence Braitman, Mark Pincus, Patti Hart, Richard Jacklin.
Boom Entertainment has raised $27.5M across 5 funding rounds. Most recently, it raised $15.0M Series A in May 2021.