April 27, 2009
Smarkets is proud to announce a second round fund raising of £145k ($210k), exceeding the first round fund raising total of £100k in May 2008. Despite tough economic conditions, six private angel investors participated in this second round and funds will go toward the upcoming Smarkets launch.
Last week, London-based Smarkets was selected to pitch at Geek’n Rolla, a TechCrunch-sponsored daylong event for startups in the UK. CEO and co-founder Jason Trost pitched at the event Tuesday, April 21st.
In addition, Smarkets has completed its open RESTful API, a first for the betting industry. This is the first betting exchange platform built with Erlang, a computer language enabling us to process thousands of bets per second. We’re currently putting the finishing touches on our website and social profiles. We’re looking forward to our upcoming launch and making betting online simple, social and fun.