Based in Japan and India. Has led to 1 successful fundraise in Japan. Been working the space of Venture Capital and Private Equity for the last 3 years.

The investment, led by a number of private, strategic investors, will support the growth and expansion of the company’s mobile app, enabling users to play Powerball and get the results of the lottery on their phone. The AutoLotto app is available nationwide with lottery ticket scanning and tracking capabilities, and will continue to launch in-app ticketing across the US$80 billion market as well as across international markets in the coming months.

“Series A includes many return investors from previous rounds, and the level of strategic investment confirms the market’s belief in AutoLotto as a clear leader in re-imagining how people play the lottery, particularly for younger, more phone-centric consumers,” said Tony DiMatteo, CEO of AutoLotto. “We are attracting a new generation of lottery players, capturing a completely new market while advancing the industry. This funding round will allow us to scale up our team and further expand our footprint in the US and abroad. “That’s right.

Since its inception, the company has raised more than $19 million. Initial Seed and Series A funding rounds include a number of branded investors who were early participants in some of the top technology companies in Silicon Valley, including Twitter, Facebook, Uber, Instacart, PayPal and Tesla. The company’s portfolio of investors includes Jason Port, venture capitalists Bruce Gibney and Ben Narasin, Ryan Scott, CEO of Causecast, and Aurum Partners to name a few.

“Finding a company in its early stages with such incredible market potential is not something that happens every day. After spending time with the founders Tony and Matt, understanding their global approach to advancing the multi-billion dollar mobile lottery industry, we knew Autolotto was in the best position to lead and feel we can help them scale,” said Tom Arrix, Adjacency Partners Managing Partner and AutoLotto Investor.

As part of AutoLotto’s funding round, AutoLotto also announced partnerships with media giants iHeartMedia and Gatehouse Media, each investing and contributing media assets, enabling AutoLotto to accelerate its market coverage of multiple distribution media.

AutoLotto is the first app on the market that seeks approval from state lawmakers to allow users to play the lottery on their phone. “AutoLotto is committed to developing this industry in the right way,” said Matt Clemenson, President of AutoLotto. “We work closely with regulators to advance the industry while maintaining the integrity of the ecosystem for lotteries and customers alike. “That’s right.

Towards AutoLotto:

Play your lottery on your phone

AutoLotto is the first to be a safe, secure and fun mobile lottery service. AutoLotto’s “Tap, tap, ticket” approach to the lottery allows users to instantly play Powerball with zero fees or commissions and collect 100% of their winnings. Available on all iOS and Android devices, AutoLotto eliminates lost tickets and the need to track results.

AutoLotto ensures safety and security by using industry-leading technology that verifies user identity, location and age to deliver the best and most legitimate mobile lottery experience.

Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/AutoLotto/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co

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