US investors ink strategic investment in Odds On Compliance
Wayne Kimmel’s SeventySix Capital and Tekkorp Capital among new investors in regulatory compliance consultancy
Odds On Compliance has revealed a new swathe of strategic investment from US-based investors with SeventySix Capital and Tekkorp Capital among those agreeing funding.
SeventySix Capital, which is led by Wayne Kimmel, has established itself as a major player in the betting industry having most recently invested in Quintar, Lucra Sports and NFT PRO in October of last year.
In September 2021, SeventySix launched its second US investment fund, netting investment from former NFL players, as well as a number of other sports and investment figures.
Matt Davey’s Tekkorp Capital which recently became an investor in the newly rebranded Voxbet, is the other significant investor in the US based compliance consultancy.
Both firms will now serve as strategic advisers to Odds On Compliance following their investment, and Odds On have revealed the funding will be used to expand its data and technology business unit.
Names of other investors participating in the round have not been disclosed.
Tekkorp Capital’s Robin Chhabra, who will act as the firm’s main strategic advisor to Odds On Compliance, lauded the firm’s newest investment partner.
“Odds On Compliance has an exciting future ahead, and their application of tech, and AI in particular, to the compliance and regulation industry, is going to be game changing,” Chhabra added.
Odds On Compliance CEO and founder Erik Frank welcomed the investment as “another big step” in the evolution of the compliance focused company.
“These are intentional investments that bring the best of sports, technology, and data into our ecosystem,” Frank said.
“We are proud to partner with this diverse investment group as we continue to grow,” he added.
Odds On Compliance started life as EDF Compliance in March 2021 before rebranding in September of last year.