Tag Archives: Passion Capital

Smarkets supercharged by new Susquehanna investment

Smarkets has entered a new enterprise and innovation phase, having completed a Series-B funding round by securing a new investment from Susquehanna Growth Equity (SGE). The transaction marks the first capital raise by Smarkets since the firm’s inception in 2008, which saw it raise to £3.8 million to establish itself as a leading online betting exchange. Subsequent year-on-year growth has …

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Smarkets on the Up with 1500% profits rise

Having filed its 2015 annual report (period ending 31 December), professional online betting exchange Smarkets has declared corporate profits of £5.2 million up 1568% on 2014’s corresponding £316,000. The London-based operator disclosed that its 2015 exchange wagers had hit the £1 billion mark, with Smarkets governance reporting year revenues of £10.4 million up 429% on FY 2014’s £1.95. Commenting on …

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