Today we made a big announcement—we’ve completed a Series B round of funding! That means that we’ve raised over $16 million in new capital from top investors. The round was led by Conductive Ventures, a new venture capital firm focused on expansion-stage companies, with participation from DCM Ventures and former NBA Commissioner David Stern.
In a nutshell, here’s how we’ll be putting our new funds to work:
Bring Jackpocket to more states!
Right now, players in Minnesota and New Hampshire can use Jackpocket to order official state lottery tickets, but we’re looking to expand that list real fast. With more resources we’re better positioned to get up and running in new states across the country.
Add some fresh talent to our amazing team.
Yep, we’re hiring! Interested candidates can check out open positions here. Among the perks: free Citi Bike memberships, work-from-home days, team lunches, happy hours, excursions to Six Flags, competitive salaries, and quality snuggles with our Chief Treat Officer Maybelle.
Give you the best experience out there.
We’ve been improving our system to make the ordering experience as fun and seamless as possible. Just about anyone with a bank account can fund their Jackpocket account. We also offer a debit card option and expect to add more card types in the coming months.
We’re on track to make history with Jackpocket Pools, a feature that gives you the best chance of hitting the jackpot by teaming up with other players. (Our biggest Pool hit 3,041 members!)
And we’re continuing to prepare our system to scale and ensure our app stays compliant with regulations in new states, while keeping it stocked with awesome, new features and looking oh-so fresh and so clean, clean. Keep your eyes peeled!
It means the world to us that the investor community so strongly supports Jackpocket and believes in our vision. And a HUGE thank you to all the players who are part of Jackpocket. That’s all for now, folks, and thanks for reading! We can’t wait for what’s next!
–Pete & the Jackpocket Crew
P.S. Check out our news in Fortune, Axios, AlleyWatch, The Sports Biz, PE Hub and more!
