Investments
31Funds
1Latest Innospark Ventures News
Aug 23, 2023
Novig , a New York-based provider of a commission-free sports betting exchange, raised $6.4M in Seed funding. The round was led by Lux Capital with participation from Y Combinator, Paul Graham, Joe Montana, Soma Capital, Innospark Ventures, Rebel Fund, Bayhouse Capital, Arash Ferdowsi (Dropbox), Austen Allred, Alan Rutledge, Ravi Sheth, Archon Capital, Palm Drive Capital, TRAC, True Culture Fund, CapitalX, and others. The company intends to use the funds to expand operations and its business reach. Founded by Jacob Fortinsky and Kelechi Ukah, Novig is a high-frequency, commission-free sports betting exchange that enables users to bet directly against friends or the market, rather than the house. In advance of the platform’s launch in Colorado this October, Novig has entered a 10-year partnership with Full House Resorts and its Bronco Billy’s Casino property in Cripple Creek, CO. This follows its beta test which saw 200 users compete in a two-week long pre-launch trading tournament where 15,500 orders were placed across 1,290 markets. Upon launch, NFL, NBA and MLB will be available. Customers will be able to place bets on the Moneyline, Point Spread, Game Totals, and Team Futures, both pre-game and in-game. FinSMEs 23/08/2023
Innospark Ventures Investments
31 Investments
Innospark Ventures has made 31 investments. Their latest investment was in Zeta Surgical as part of their Seed VC - IV on November 11, 2023.
Innospark Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/13/2023 | Seed VC - IV | Zeta Surgical | $1.08M | No | 1 | |
8/22/2023 | Seed VC - III | Novig | $6.4M | Yes | Alan Rutledge, Arash Ferdowsi, Archon Capital Management, Austen Allred, Bayhouse Capital, CapitalX, Joe Montana, Lux Capital, Palm Drive Capital, Paul Graham, Ravi Sheth, Rebel Fund, Soma Capital, TRAC, True Culture Fund, Undisclosed Investors, Unpopular Ventures, and Y Combinator | 2 |
8/4/2023 | Series A - II | Wyebot | $2.4M | No | 1 | |
6/26/2023 | Series A | |||||
4/24/2023 | Convertible Note - II |
Date | 11/13/2023 | 8/22/2023 | 8/4/2023 | 6/26/2023 | 4/24/2023 |
|---|---|---|---|---|---|
Round | Seed VC - IV | Seed VC - III | Series A - II | Series A | Convertible Note - II |
Company | Zeta Surgical | Novig | Wyebot | ||
Amount | $1.08M | $6.4M | $2.4M | ||
New? | No | Yes | No | ||
Co-Investors | Alan Rutledge, Arash Ferdowsi, Archon Capital Management, Austen Allred, Bayhouse Capital, CapitalX, Joe Montana, Lux Capital, Palm Drive Capital, Paul Graham, Ravi Sheth, Rebel Fund, Soma Capital, TRAC, True Culture Fund, Undisclosed Investors, Unpopular Ventures, and Y Combinator | ||||
Sources | 1 | 2 | 1 |
Innospark Ventures Fund History
1 Fund History
Innospark Ventures has 1 fund, including Innospark Ventures Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
Innospark Ventures Fund | $100M | 1 |
Closing Date | |
|---|---|
Fund | Innospark Ventures Fund |
Fund Type | |
Status | |
Amount | $100M |
Sources | 1 |
Innospark Ventures Team
1 Team Member
Innospark Ventures has 1 team member, including current Managing Director, Venkat Srinivasan.
Name | Work History | Title | Status |
|---|---|---|---|
Venkat Srinivasan | Managing Director | Current |
Name | Venkat Srinivasan |
|---|---|
Work History | |
Title | Managing Director |
Status | Current |
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