Overview

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Acquisitions
3 Acquisitions
Total Equity Funding
Undisclosed Amount in 2 Rounds from 4 Investors
Headquarters:
London
Description:
Betfair is a betting exchange that enables punters to choose their own odds and bet against each other.
Founders:
, , , ,
Website:
http://www.betfair.com
Social:

Company Details

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Founded:
2000
Contact:
44 20 8834 8000
Employees:
5k - 10k | 10 in Crunchbase

Betfair claims to be the "world's leading online betting exchange". Betfair enables punters to choose their own odds and bet against each other, even after an event has started. Betfair claims more than 5 million transactions a day and 300 bets a second.

In addition to the exchange, Betfair has an established games portfolio. Betfair Games, Betfair Poker, Betfair Casino and Betfair's multiples and accumulator products, are hosted from Malta, which is an area that has seen significant growth and investment. The company is also developing automated price feeds to third parties, establishing white-label exchanges and through its own Betfair Mobile product.

Launched in 2000, Betfair is a profitable and debt-free company with annual revenues exceeding £300 million. It is a privately-owned company. Betfair is proud that a large percentage of its employees own part of the company through its SAYE scheme.

Funding Rounds (2) - undisclosed

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DateAmount / RoundValuationLead InvestorInvestors
Jan, 2007undisclosed amount / Venture3
Apr, 2000undisclosed amount / Venture1

Acquisitions (3)

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DateAcquiredAmount
Apr 2, 2013£5M in Cash
Jan 30, 2009$50M (terms undisclosed)
Dec 21, 2001Unknown

Investments (1)

DateInvested InRoundPartner(s)
Oct, 2009$5.5M / Series B (Lead)

Current Team (10)

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Board Members and Advisors (1)

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Competitors (3)

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  • NYX Interactive is a supplier of systems for digitally-distributed gaming entertainment.
  • Pikum is an online betting game that enables players to compete for fun or money.
  • Smarkets is one of the worlds largest betting exchanges, providing the best odds and low-cost fees for over 100,000 clients.

Offices/Locations (1)

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  • UK Headquarters

    South Wing, Waterfront Chancellors Road Hammersmith Embankment

    London, W6 9HP

    GBR

Past Team (20)

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Images (1)

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