Draft:WagerWire

WagerWire is an online marketplace where bettors can buy and sell previously placed sports bets. The Los Angeles-based company was founded in 2020 by UCLA roommates Zach Doctor, Travis Geiger and Guy Dotan.

In addition to its direct-to-consumer platform, WagerWire built a business-to-business infrastructure for operators to embed the functionality inside their sportsbooks.

History
The origins of WagerWire began in 2018, when Co-Founder Zach Doctor placed a bet on an NFL line prior to a game. At halftime, the sportsbooks moved the line from -3 to -10, and his Co-Founder Travis Geiger wanted to get the same -3 line Doctor had prior to the game. The idea started to ruminate about how to build a system for bettors to buy into one another's action. They began putting the business plan together in 2018.

Fundraising
In 2021 the company closed pre-seed funding.

In April 2022, WagerWire was the first company to be named to the accelerator program created by New York-based sports betting and technology communications firm HPL Digital Sport and Toronto-based investment firm Cardinal Sports Capital.

In July 2022, WagerWire announced it closed $3 million in seed funding. The round was led by super angel Roger Ehrenberg, co-owner of the Miami Marlins, through his venture funds, IA Sports Ventures and Eberg Capital. Other investors include Cardinal Sports Capital and HPL Digital Sport Accelerator Program, SimpleBet founder Joey Levy’s 305 Ventures, Full Moon Sports Solutions, Sports Meta, law firm Cooley LLP, and early investors in Palantir, Canva, and Tesla.

Founders
WagerWire was founded by Zach Doctor, Travis Geiger and Guy Dotan. The three were Sigma Nu fraternity brothers at UCLA. Doctor serves as the CEO, Geiger as the CMO & Chief Experience Officer, and Dotan as the COO and Chief Product Officer.