Regulatory compliance technology supplier Odds On Compliance announced today a group led by SeventySix Capital made a strategic investment to propel the further expansion of the data and technology business.
Funding Round
The group of new investors at Odds On Compliance led by SeventySix Capital provided a new infusion of funding necessary for the next step of the compliance technology supplier both in the US and internationally. Tekkorp Capital was also among the new investors at the recently rebranded technology company.
“This is another big step in the evolution of Odds On Compliance as a gaming compliance-focused technology company. These are intentional investments that bring the best of sports, technology, and data into our ecosystem. We are proud to partner with this diverse investment group as we continue to grow.”
Eric Frank, Founder & CEO, Odds On Compliance
Led by global gaming industry compliance expert Eric Frank and former Chief of Staff of the New Jersey Division of Gaming Enforcement (DGE) Eric Weiss serving as vice president of technical compliance and audit, Odds On Compliance leverages sufficient knowledge and expertise to successfully navigate the complex and ever-evolving betting and gaming landscape ever since its launch in March 2021.
The company got its new name in September last year when it rebranded from EDF Compliance to better reflect the future business direction focused entirely on developing regulatory and compliance tools. At the same time, Odds On Compliance announced the appointment of industry veteran Weiss as VP of technical compliance.
The New Investors
With a focus on sports, venture capital firm SeventySix Capital is always on the lookout for investments into game-changing companies operating in sports betting, esports and sports technology sectors and identified Odds On Compliance as a valuable addition to its portfolio of industry-transforming companies.
SeventySix Capital managing partner Wayne Kimmel was proud to lead the investment into Odds On Compliance, a business that “exemplifies the types of entrepreneurs” that are capable of “shaping the sports betting industry” with their “experience, relationships and knowledge” to “build a market-leading company.”
Also commenting on the funding round, Matt Davey, chief executive officer of Tekkorp Capital, the company that will also act as a strategic advisor to Odds On Compliance, stressed the importance of innovation in the digital space as a driving force behind every Tekkorp Capital’s decision to invest.
Tekkorp Capital’s Robin Chhabra, who will act as a strategic advisor to Odds On Compliance, outlined the “exciting future” of the company and its tech and AI-based applications that would turn to be game-changing in the compliance and regulatory industry.