'Go back five years ago when the company started, it didn't really have specific direction. 'His product is so strong and so well positioned on the B2B side,' Cherniak said. Investors in that round included Sands Capital, New England Patriots owner Robert Kraft, former MGM Resorts International CEO Jim Murren, ESPN analyst Adam Schefter, and more.Īvenue H Capital's Benjie Cherniak, who is not an investor in Boom, said he's been impressed with the way cofounder and CEO Stephen A.
Boom announced in September that it raised $15 million in a Series A to expand into real-money gaming products, such as sports gambling and casino games. It's doubling down on that B2B business now. Why investors like it: Boom began about five years ago as fantasy sports product, and pivoted into a making games for other sports and casino companies. What it does: Boom Entertainment builds gaming products for sports and casino brands, including NBC Sports and Penn National Gaming. Total funding: $24 million, according to the company Account icon An icon in the shape of a person's head and shoulders.
