M&A Deal Summary

Sporttrade Acquires Momentum Sports

On August 4, 2021, Sporttrade acquired internet software and services company Momentum Sports

Acquisition Highlights
  • This is Sporttrade’s 1st transaction in the Internet Software and Services sector.
  • This is Sporttrade’s 1st transaction in the United States.
  • This is Sporttrade’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-08-04
Target Momentum Sports
Sector Internet Software and Services
Buyer(s) Sporttrade
Deal Type Add-on Acquisition

Target

Momentum Sports

Denver, Colorado, United States
Momentum Sports is a sports betting company, which owns and operates an Internet Sports Betting Operator License through a market access agreement with GF Gaming and its local affiliate Easy Street Casino. Momentum Sports is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Sporttrade

Philadelphia, Pennsylvania, United States
Category Company
Sector Software
DESCRIPTION

Sporttrade is a fintech, sports betting company that was built to elevate the sports betting industry by utilizing proven exchange technology and processes to enhance and democratize the traditional betting experience. Sporttrade was founded in 2018 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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