Slips, a next-generation peer-to-peer betting platform, has announced the close of a $3.5 million series seed round led by Las Olas Capital and Sunset Bay Capital, with participation from strategic investors including Andrew Schwartzberg. The funding will support expansion of its social-first platform where users compete directly against each other rather than against a sportsbook, ensuring someone always wins.
The company plans to use the proceeds to scale technology, grow its team, and accelerate national user acquisition. Slips reported 500% year-over-year growth, recent ACH payout integration, and continued development of in-real-life betting experiences and expanded financial infrastructure. The platform offers features such as Heads Up, Pools, Tourlays, AI-generated P2P prediction markets, and geo-located group experiences, creating a social environment where users connect, compete, and win in real time both online and in real life.
This funding round highlights the growing interest in peer-to-peer betting models that eliminate the traditional house edge, appealing to users seeking more direct competition and social interaction. By focusing on user acquisition and technology scaling, Slips aims to capitalize on the expanding market for alternative betting platforms. For more information, visit Slips.com.
The full press release can be accessed at https://ibn.fm/Vp6WJ.
