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Melbourne Sports-Tech Company Raises $5M For Us Expansion

Jul 13, 2022•about 3 years ago

Amount Raised

$5 Million

Melbourne

Description

Melbourne-based Cipher Sports Technology Group has raised $5 million from private investment group Cygnet Capital to crack the newly legal US sports betting scene.

Company Information

Company

Melbourne

Location

Melbourne, Florida, United States

About

The company doesn’t take bets but operates sports betting websites Dimers.com and StatsInsider.com.au, which chief executive Adam Fiske said gives consumers independent information to help them place their bets. The two companies formed a partnership to launch Dimers.com in the US in August 2020 and decided to formally join forces and raise a fresh round of capital.