Omada raises $7.5M for social prediction game for sports fans
Omada has created a popular social prediction game for sports fans and that enabled it to raise a $7.5 million seed funding round.
Omada has gained traction among sports enthusiasts who place bets (in a non-gambling way) on sporting events. It’s like the social casino games, where you can place bets but cannot cash out real money. The company has over a million monthly active users worldwide, including 300,000 in France alone. The funding will help it expand into the U.S. market.
The app allows users to engage in friendly competition by making free predictions on various sports, including football, basketball, tennis, baseball, NHL, NFL, and Formula One racing. Its unique approach has positioned Omada as a healthy and responsible alternative to traditional sports betting sites, said Adrien Miniatti, CEO of Omada, in an interview with GamesBeat.
London-based Felix Capital led the round, with participation from investors including 20VC, Play Ventures, F4, Motier Ventures, and more.
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Apart from its engaging gameplay, Omada has garnered attention for its commitment to raising awareness about sports betting addiction. The company has launched impactful campaigns such as “Ferme Ton Compte” (Operation close your betting account) and “Lav’Omada” (Turning a Laundrette in the heart of Paris into the ultimate World Cup experience).
Omada is a French company that Miniatti founded in Bordeaux in 2021. His prior mobile gaming company, Green Panda Games, was purchased by Ubisoft in 2018. That enabled him to create a new company with
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