Fundraising Fox
Sporttrade
Techstars '19Unionville, US · Founded 2018 · Delaware corporation · 38 employees on LinkedIn · 12 known investors
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Sporttrade is a sports betting platform that modernizes the industry using proprietary technology and capital markets expertise, operating with a focus on equity, responsibility, and accessibility.
Also known as Sporttrade Inc.
Founders & leadership
Sporttrade was founded in 2018 by Alexander Kane.
Investors · 12
How we know: Delaware Crossing Investor Group's portfolio page · Not right? Tell us
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
How we know: the VCSheet dataset · research · new.getsporttrade.com · Not right? Tell us
How we know: funding news · research · new.getsporttrade.com · Not right? Tell us
Also in the syndicate · 5
Reported raises · per SEC filings
Form D private placements$26.4M disclosed across 1 of 2 rounds · 2021
▶$26.4MraisedAug 2021 · 26 investors · OtherRule 506(c)
- Thomas WittmanDirector
- Alexander KaneExecutive Officer, Director
- David Frohardt-LaneDirector
- Offering amount
- $26.4M
- Amount sold
- $26.4M
- Minimum investment
- $5K
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06c
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Sep 2026Sporttrade is a Philadelphia-area financial technology and sports betting company founded in 2018. Rather than operating as a traditional sportsbook, it runs an exchange-style marketplace in which participants buy and sell listed contracts on a central limit order book, with liquidity supplied by market makers. Contracts are priced on a 0-100 scale that expresses the market's implied probability of an outcome, replacing American odds conventions, and positions can be bought or sold at any time, including continuously during live play.
The platform launched as a mobile iOS application under state gaming licences, entering New Jersey and subsequently expanding to additional states including Colorado, Arizona (with the Quechan Tribe of the Ft. Yuma Indian Reservation as strategic partner) and Virginia, its fifth state. In February 2026 the company announced it had submitted Designated Contract Market and Derivatives Clearing Organization applications to the U.S. Commodity Futures Trading Commission. On 25 May 2026 Sporttrade ceased all wagering and exited the online sports betting market, returning remaining customer balances by check.
The company positions itself as applying capital-markets technology and processes to sports wagering, with stated goals of more equitable, responsible and accessible betting. It has also run consumer-education initiatives, including a partnership with Birches Health on responsible gaming and problem gambling resources.
Compiled by commissioned research from 9 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 5
by search overlap
Companies competing with Sporttrade for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 9
launches, deals, and filingsAll wagering on Sporttrade ceased as the company left the online sports betting market; remaining customer balances are being mailed via check to addresses on file.
Sporttrade announced the submission of Designated Contract Market and Derivatives Clearing Organization applications to the U.S. Commodity Futures Trading Commission.
Sporttrade published a release note describing new features in its app.
Sporttrade announced that its iOS app went live in Virginia, its fifth state.
Sporttrade publicly announced the addition of strategic investor SIG Sports Investments Corp. (with affiliated entities, "SIG Sports Analytics") to enhance its sports betting markets.
Sporttrade and Birches Health announced a partnership to mark Problem Gambling Awareness Month, focused on increasing public awareness of problem gambling and providing responsible gaming resources.
Sporttrade announced its iOS app went live in Arizona, its fourth state, alongside strategic partner the Quechan Tribe of the Ft. Yuma Indian Reservation, California & Arizona.
Sporttrade announced the acquisition of Momentum Sports and Entertainment Inc., a Denver, Colorado-based company, in connection with its expansion into Colorado.
Sporttrade announced a $36 million funding round led by Jump Capital, with Impression Ventures, Hudson River Trading, Tower Research Ventures, Delavan Lake Investments, Jim Murren (former CEO of MGM Resorts International) and Tom Wittman (former CEO of the Nasdaq Stock Exchange) participating. Sporttrade also issued convertible debt to Nasdaq Ventures in connection with the transaction. Proceeds were earmarked for customer acquisition, expansion into additional states and team investment.
$36M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 9
primary sources listed
- Sporttradegetsporttrade.com · web
9 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Sporttrade do?
- Sporttrade operates a sports trading marketplace where participants buy and sell listed event contracts on a central limit order book.
- Who founded Sporttrade?
- Sporttrade was founded by Alexander Kane in 2018.
- Who are Sporttrade's investors?
- Sporttrade's investors include Acies Investments, Belvedere Strategic Capital, Delaware Crossing Investor Group, Techstars, Impression Ventures, Jump Capital, Nasdaq Ventures.
- How much funding has Sporttrade raised?
- Sporttrade has disclosed $26.4M raised across 1 of its 2 known rounds.
- Where is Sporttrade headquartered?
- Sporttrade is headquartered in Unionville, US.