ALT Sports Data, Inc. is excited to announce a major milestone in its journey towards transforming the landscape of alternative sports betting. The company, known for its cutting-edge approach in utilizing proprietary data to develop a vast and diverse sports database, has successfully raised $5,000,000 in its latest funding round. This crucial investment comes at a time when ALT Sports Data is positioned to leverage its expansive league portfolio and proprietary software to address the persistent supply and demand challenges that sportsbook operators face. With a mission to serve over 83 million potential bettors in the United States and tap into a global audience exceeding 1 billion, the funding will accelerate the company’s efforts to enhance its innovative, data-driven solutions.
The new capital will primarily be used to expand and refine ALT Sports Data’s technology infrastructure and further develop its regulatory framework, ensuring that the company stays ahead of market trends and maintains its competitive edge. A significant part of the funds will also be allocated to strengthening the in-house trading team, which plays a pivotal role in delivering fresh, appealing betting opportunities. In addition, the investment will help broaden partnerships with key leagues and capitalize on the growing fanbase of over 200 million, ultimately creating a more integrated and engaging experience through their owned media platform, NXTbets.com. This funding round not only reinforces investor confidence in the company’s vision but also sets the stage for ALT Sports Data to redefine the future of alternative sports by seamlessly bridging the gap between innovative betting solutions and an ever-expanding fan and bettor community.
