Jackpocket aises $30M in venture capital funding

in Finance

New investors include PROOF and gaming industry veteran Gavin Isaacs. Existing investors BlueRun Ventures, Bullpen Capital, Conductive Ventures, DCM Ventures, Digital Currency Group, former NBA Commissioner David Stern and Subversive Capital also participated

May 23

Good things come in (not so) small packages! We’re excited to share we closed a $5M extension to our $16M  Series B funding round in October 2018. Adding in the funds from our seed and Series A rounds, Jackpocket has raised a total of $30M to date.

Lottery app Jackpocket adds another $5M to its Series B
Building a startup always requires a little bit of luck.www.builtinnyc.com


New investors include  PROOF and gaming industry veteran  Gavin Isaacs. Existing investors  BlueRun Ventures Bullpen Capital Conductive Ventures DCM Ventures Digital Currency Group, former NBA Commissioner  David Stern and  Subversive Capital also participated. We’ll be using the extra funds to boost our marketing efforts as we bring Jackpocket to new markets this summer. We’re also excited to announce Paul Palmieri, the former Co-founder & CEO of Millennial Media who led the company’s $1.4 billion IPO, has joined the team as a senior advisor to our board of directors. Welcome, Paul!

We’ve come a long way since our Series B announcement.
We soft launched Jackpocket in the great state of Texas. Earlier this month we  announced SBTech Chairman and former President & CEO of Scientific Games Gavin Isaacs joined our board of directors as a senior advisor. And we just celebrated hitting the  $1 million mark in prizes awarded to Jackpocket players in 2019.
With more resources we’ve been able to accomplish so many important milestones in a short amount of time, including tripling ticket sales and growing our player base by over 150%.

So what’s next for us?

Some lofty but exciting goals:

      Five planned launches in major markets in the next quarter.
      Five more markets by the end of the year.
        Hiring more incredibly talented people (Psst…Is that you? Check out our 

Careers

And most importantly, continuing to improve the Jackpocket app experience for lottery players. We hope you ride along the journey with us! 

About Jackpocket
Jackpocket is the lottery app that’s creating a more convenient, fun, and responsible way to play the lottery. We operate out of New York in an office of about 40 people and one Maybelle, our very photogenic office pup. Come follow along on  Facebook Twitter and Instagram.