Sports tech betting firm raises game

● Capital company now involved in £1m seed funding investment round

bookmaker owned betting sites are outdated with the odds stacked against users. We are aiming to fundamentally disrupt the market.

“We provide our players with an exciting and secure platform on which to challenge other users’ knowledge of sport but with a big difference – on the world’s first blockchain-powered, peer-to-peer betting exchange.

“We are positioned for a new, younger type of sports better and one who wants a gaming experience to be part of the offering.”

He added: “We’re literally betting big on blockchain and all the metrics point towards an upwards trajectory in both cryptocurrencyuseandsports betting. Rather than launching yet another coin, we accept all crypto coins and tokens.

“We know there are a massive amount of people unsure of how to spend their crypto and we think Mungoparc is going to give them a great destination.”

Investors in the founding team and product build to date include Galvanise Capital managing partner, Nick Jones, and a £1 million seed funding round is now in process.

The investment will fund accelerated product development to maintain “first mover advantage” as well as marketing, Mungoparc added.