New York-based Derby Games, the fastest growing legal online gambling company, has raised $6.5 million in financing led by Bullpen Capital, with help from angels Martin Lautman, Bill Pescatello and existing investors. The funds will be used to hire “top talent in engineering, marketing and other areas of operation” to support the growth of the company. Some of it will go to further development of real-money-gaming platform.
“With a platform that is legal and regulated for 80 percent of American adults, Derby Games is in a perfect position to win in online gambling,” said Tom Hessert, chief executive officer and co-founder of Derby Games. “This funding and the support of great investors like Paul Martino, Alexis Ohanian and Gerry Andlinger will help us to grow even faster, identify new opportunities and execute on our mission to build the largest community of real money gamers in the U.S.”