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Jackpocket attracts celebrity investment in $120m Series D funding round


US-facing lottery app Jackpocket has raised $120m in Series D funding during a round that attracted investment from celebrities and sports stars.

Led by growth fund Left Lane Capital, the round included participation from famous names such as Hollywood actors Kevin Hart and Whitney Cummings, entrepreneur Mark Cuban and baseball star Manny Machado.

Other participants included previous investors Greenspring Associates, The Raine Group, Anchor Capital, Gaingels, Conductive Ventures, BlueRun Ventures, Digital Currency Group, PROOF.

Jackpocket said it would use the new investment to fund a series of new additions to its team, as well as support its wider growth plans, including expansion into markets outside the US, new marketing initiatives and partnerships, and potential acquisitions.

“The mobile gaming and lottery industry is experiencing an exciting and unprecedented level of growth and expansion,” Left Lane Capital founder and managing partner Harley Miller said.

“It was very clear to us that Jackpocket was the company in the space to back, and is spearheading real progress and innovation in this market.”

Jackpocket is currently active across 10 states, including New York, New Jersey and Texas

Jackpocket founder and chief executive Peter Sullivan added: “We’re excited to have such a diverse group of partners and individuals validate Jackpocket’s vision for the future.

“Our success over the past 12 months highlights our ability to reach the broadest base of lottery player possible, and we’ll use this funding to continue to grow and innovate the platform with new types of gameplay.”