Lucra Sports, a peer-to-peer sports wagering startup, has raised a $10 million Series A round led by Raptor Group. Among the round’s notable investors were Milwaukee Bucks owner Marc Lasry, tennis star John Isner, NFL wide receiver Emmanuel Sanders, SeventySix Capital, and Victress Capital.
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Jim Pallotta, a former co-owner of the Boston Celtics and Italian soccer club A.S. Roma, founded Raptor Group. Lucra’s app is available in 37 states and includes social features that allow users to propose wagers to other friends in their network, with the ability to set their own odds and spread terms. Users can also make wagers across sports, such as whether Serena Williams will have more aces in a match than Steph Curry will make three-pointers in a game.
Lucra Sports also features head-to-head stats and leaderboards to rank users. The company takes in a 5% fee on the winner’s payouts for all wagers. USWNT soccer player Julie Ertz and her husband, Arizona Cardinals tight end Zach Ertz, are seed investors in Lucra Sports.
