Micro Betting Company Simplebet Raises $30M

Former UFC executive Nakisa Bidarian and Jake Paul’s Anti Fund are leading a $30 million financing round in micro betting company Simplebet.

The raise brings Simplebet’s total funding to $80 million. Previous investors include Australian gambling machine manufacturer Aristocrat and tennis star Andre Agassi.

Simplebet offers in-game wagers for the NFL, NBA, MLB, and college football — with plans to add more.

• The company announced a multiyear deal with DraftKings on Tuesday.
• It also named MGM Resorts International head Jim Murren to its board of directors this week. 

Anti Fund launched in March and uses AngelList’s Rolling Funds platform rather than a pool of capital. Paul says the venture plans to invest “around $10 million to $20 million a year.”

The Simplebet investment is Anti Fund’s biggest yet. Paul previously cofounded TGZ Capital, a small venture fund that participated in financing rounds for 15 startups.

On Sunday, Paul will look to improve on his 3-0 record — all knockouts — by fighting mixed-martial artist and former UFC welterweight champion Tyron Woodley.

Editor’s note: DraftKings is an FOS partner.