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.
