Deals
Reddit Founder Ohanian Invests in App Linking Social Media and Gambling
- Wagr looks to build a business around gambling with friends
- Will start with point-spread bets, chats for smack talk
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Reddit Inc. co-founder Alexis Ohanian is leading a $4 million seed-funding round for the sports-betting startup Wagr, an app looking to wed social media with a fast-growing corner of the gambling market.
Founded in April 2020, Wagr has a gambling app that allows fans to bet on sports with friends instead of casinos. The company’s plan is to create a social platform that doesn’t require betting knowledge and expands the market for casual wagers.