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Betsperts raises funding, makes board appointment


Crowd-sourced tipster platform Betsperts has completed a new funding round, while Barstool Sports head of strategy David VanEgmond has joined its board of directors.

Betsperts, which was founded in 2018 and allows users to make and post tips, and to follow their preferred tipsters, raised the funds through a seed round led by Parlay Capital Holdings.

“What started as an idea to connect the casual fan with the credible expert bettor, has developed into the largest crowdsourced social platform for the massively growing sports betting community,” Betsperts chief executive Reid Rooney said. 

“Our team is grateful for the opportunity, and we intend to use funds to expand our technology platform, accelerate business development while fueling media influencer relationships.”

In addition, the business has appointed David VanEgmond to its board of directors. VanEgmond is currently head of strategy and corporate development at Barstool sports, which was purchased by Penn National Gaming in February.

Prior to joining Barstool, VanEgmond was FanDuel’s head of strategy from 2015 to 2019. During this period the operator was acquired by Paddy Power Betfair, which became Flutter Entertainment.

“I am thrilled to be joining the Board of Directors for Betsperts to help support the next wave of innovation and growth for the company,” VanEgmond said. “Betsperts is extremely well positioned to be the digital community for sports bettors.

“ Their engaging and transparent platform is unique in the sports betting market which is continuing its significant expansion in the US.”