TAPPP raised $10M in Series B Funding

The Series B funding round was co-led by Accomplice and Verance Capital. Participants included ADvantage, Permit Venture and Oakvale Capital, along with major league sports team owners.

Originally featured in PR Newswire in 2022, Updated in December 2023

TAPPP raised $10M in Series B Funding
January 05, 2024

TAPPP, a New York-based technology company, participated in a $10 Million Series B funding round co-led by Accomplice and Verance Capital in 2022. Participants also included major league sports team owners, including Stephen Pagliuca of the Boston Celtics and Peter Tomozawa of the Vegas Golden Knights and Seattle Sounders. ADvantage, Permit Ventures and London-based Oakvale Capital also participated.

“TAPPP’s product is unique in the category and the underlying technology backing this offering is the key differentiator,” said Ryan Moore, Founder of Accomplice. “We’re delighted to support a company like TAPPP as it moves the worlds of sports betting, fan engagement, digital payment transactions and more to new heights.”

As of April 2022, total funding for the company exceeded $21 million. Since TAPPP’s 2018 Series A funding, the company launched innovative payment products with both Major League Baseball and the National Football League across over 25,000 U.S. retail locations. Additional enhancements in the company’s distribution and payments platform culminated in September of 2021 in the designation of TAPPP as an official partner of BetMGM.

In parallel, TAPPP successfully built the underlying technology and user interface for an interactive gaming, betting and transaction panel to engage with viewers during live sports broadcasts. The Series B funding has enabled TAPPP to launch an interactive transaction panel in partnership with sports broadcasters and sportsbooks. TAPPP has also expanded its payment solutions across more markets and with a more diverse range of products and services.

“Our vision has always been to leverage our strong technological foundation to build products that drive engagement, retention and increase transactions for our media and sportsbook partners,” said Sandy Agarwal, Founder and Chief Executive Officer at TAPPP. “Having such world-class investors participating in our Series B funding is a powerful endorsement of TAPPP’s plans for the future while providing us with the financial strength we need to execute our near-term strategy.”