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Frontrunner - Seed
Overview
About Frontrunner - Seed
Decentralized sports prediction market Frontrunner raised $4.75 million in a seed round led by Susquehanna Private Equity Investments. Other investors in the round include SOMA Capital, Toy Ventures, Ledger Prime and WAGMI Ventures. The fundraise closed in May. The proceeds have been put toward product development, team growth and securing licensing.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | 2006 | 5 | -- | ||
| Fund | United States of America | 2015 | 30 | -- | ||
| Fund | United States of America | 2020 | 1 | -- | ||
| Fund | United States of America | 2017 | 54 | labs@ledgerprime.com | ||
| Fund | United States of America | 2021 | 16 | -- |
Founders & Team
Neil Zhang
Brian Vander Schaaf
Eric Jiang
Nillan Patel
Company Profile / Project Introduction
Frontrunner is a decentralized sports prediction market that simplifies sports betting by removing the complexity of betting odds. Instead, individuals buy and sell shares in teams and players using crypto across sports markets such as the NBA, NFL and others. Frontrunner is aiming to become a fully licensed prediction market platform. In the first quarter of next year, the platform is applying for an offshore gaming license in the Isle of Man. This license would allow Frontrunner to legally operate in several jurisdictions, such as Canada, Mexico, Africa, Asia, parts of Europe and South America. Similar to futures markets, traders in prediction markets bet on the outcome of future events, with payouts based on the results.