Tech Company Financing Transactions

Frontrunner Funding Round

Frontrunner, based in New York,, secured $4.8 million from Entrepreneurs Roundtable Accelerator, FBG Capital and Gaingels.

Transaction Overview

Company Name
Announced On
12/14/2022
Transaction Type
Venture Equity
Amount
$4,750,000
Round
Seed
Investors

Entrepreneurs Roundtable Accelerator (Lead Investor)

FBG Capital (Lead Investor)

Gaingels (Lead Investor)

Gilgamesh Ventures (Lead Investor)

Ledger Prime (Lead Investor)

NOA Capital (Lead Investor)

Soma Capital (Lead Investor)

Susquehanna Growth Equity (Lead Investor)

Toy Ventures (Lead Investor)

WAGMI Ventures (Lead Investor)

Proceeds Purpose
The company intends to use the funds to scale its product and engineering team, streamline the product development, and licensing.

Company Information

Company Status
Private & Independent
Industry
Blockchain
Mailing Address
405 Lexington Avenue 9th Floor, Private Mail Box 9067
New York,, NY 10174
USA
Phone
Undisclosed
Email Address
Overview
Frontrunner is a decentralized sports prediction market where users can buy shares of sports propositions and trade them like they would stocks or options. Unlike traditional sportsbooks where users place a bet and wait, Frontrunner gives users full control over their portfolios, allowing them to dynamically buy and sell positions as the odds change. By leveraging the power of free markets and the blockchain, we create transparent markets and liquid positions to reduce counterparty risk, create new types of sports-related markets, and fundamentally change the way in which people invest in their sports knowledge and beliefs.
Profile
Frontrunner LinkedIn Company Profile
Social Media
Frontrunner Company Twitter Account
Company News
Frontrunner News
Facebook
Frontrunner on Facebook
YouTube
Frontrunner on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Neil Zhang
  Neil Zhang LinkedIn Profile  Neil Zhang Twitter Account  Neil Zhang News  Neil Zhang on Facebook
Chief Technical Officer
Brian Schaaf
  Brian Schaaf LinkedIn Profile  Brian Schaaf Twitter Account  Brian Schaaf News  Brian Schaaf on Facebook
Co-Founder
Nillan Patel
  Nillan Patel LinkedIn Profile  Nillan Patel Twitter Account  Nillan Patel News  Nillan Patel on Facebook


 

 

Browse more venture capital transactions:

Prev: 12/14/2022: Senzo venture capital transaction
Next: 12/14/2022: AppOmni venture capital transaction

 

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About Our VC Transactions Data

Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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