The Betsperts Group Successfully Acquires Bleacher Nation

The Betsperts Group Successfully Acquires Bleacher Nation

Bleacher Nation

Bleacher Nation will be able to realize its collective vision for the future with the assistance of Betsperts Group, which will give the necessary support and resources.

Betsperts Group, a media company specializing in fantasy sports and sports betting, has just announced that it acquired Bleacher Nation in a deal involving cash and equity. 

This will be the group’s fourth acquisition in the past 18 months.

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“Remarkable History of Expanding Capabilities”

Betsperts Group has increased its audience to over 25 million unique users, with over 225 million page views in the previous year. This expansion was made possible by the acquisition of Bleacher Nation, a sports media outlet that covers sports from Chicago and across the nation.

Bleacher Nation has built an incredible relationship with Chicago fans and sports fans all over the world, said Reid Rooney, the chief executive officer of Betsperts Group. Rooney is eager to continue building “their impressive track record of growth, by adding new content coverage and additional resources to Bleacher Nation’s platform. 

Joining Matthew Berry’s Fantasy Life App, www.4for4.com, and www.Dynastyleaguefootball.com as the fourth major transaction completed by the organization that was created in 2018, Bleacher Nation is expected to assist the group in expanding its reach even further.

“Collaborative Strategy for the Future”

Michael Cerami, vice president of Strategic Growth at Bleacher Nation, outlined that the group and Bleacher Nation shared a “vision for the future,” and that it would have been impossible to reach that future “without the additional support and resources of Betsperts.” Betsperts was acquired by Bleacher Nation in 2014.

Betsperts Group reported revenue growth of over 350% in 2022, and it is anticipated that the company will become profitable in 2023. The company already has diversified revenue streams, including subscriptions, affiliate partnerships, and advertising, so Rooney is looking forward to two exciting growth years for the business in the years to come.

When asked about what is to come, Rooney paid tribute to the support and belief that Betsperts Group has been receiving from its investors, particularly after the first $3 million Series A2 funding round and the previous $8.6 million Series A funding round with the participation of Verance Capital, HBSE Ventures, Parlay Capital, and Velo Partners. In both of these funding rounds, Verance Capital, HBSE Ventures, Parlay Capital, and Velo Partners were involved. 

Planning to Expand its Workforce in Six Different Counties 

On the list of investors for Betsperts Group are prominent figures such as Kevin Durant, Chris Paul, Eva Longoria, Kyle Busch, Darius Rucker, Adam Wainwright, Richard Jefferson, and Jesse Itzler. Early investors David VanEgmond and Matthew Berry are also on the list.

After the acquisition of Bleacher Nation, Betsperts Group, which is already home to one of the largest audiences in the United States for both sports betting and fantasy sports, plans to expand its workforce to 45 people based in six different countries.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.