Real-time esports data and A1-powered statistics provider PandaScore has successfully completed a €5 million funding round, led by a subsidiary of French gaming giant La Francaise des Jeux (FDJ) venture capital fund ‘V13 Invest’.
The cash injection will be used by the Paris-headquartered startup in order to increase its team in Malta and France and boost its product portfolio by delivering new data-led innovations for all wagering stakeholders that includes bookmakers, risk management, platform providers, traders and marketing.
Product design and gamification expert Flavien Guillocheau launched PandaScore in 2015 in an endeavor to optimize esports odds and match-feeds through real-time A1-powered APIs.
Guillocheau commented that providing game-changing data for bookmakers is their way to fuel the growth of esports. He went added that when bookmakers can offer great esports betting it also helps in raising sponsorships for teams and tournaments.
This year has seen PandaScore boosting its commercial capacity considerably by securing new betting clients such as tier-1 LATAM sportsbook BetCris and LeoVegas AB’s challenger brand Pixelbet.
In addition to betting, PandaScore data has powered esports fantasy sports operator Sleeper and ‘all-in-one’ esports results app Strafe.
Olivier Martret, the Principal at Paris-based VC fund Serena, participated in the funding round and backed PandaScore’s proven credentials and growth plans.
Martret stated that with Francaise des Jeux, they are convinced that PandaScore’s tech is a key asset for bookmakers, enabling them to gain new market shares and more efficient and reliable services.
PandaScore is aiming to make use of its new funding in order to expand its teams in Malta and Paris, as well as to optimize its coverage of new esports titles.
