Fan engagement platform Tally Technology announced it has closed its oversubscribed $4 million Series Seed funding round, led by Acies Investments, an industry-dedicated venture fund to the sports wagering, sports technology, iGaming and esports sectors.
Tally Technology was founded in 2018 as a free-to-play prediction game for brands, professional sports teams, leagues and media platforms seeking a turnkey fan engagement platform. As a part of the natural gameplay, Tally is building a database of unique users and gathering data on those users’ gaming, wagering, brand preferences, consumer spending and other insights.
Over the past four years, the company has recorded over 20 million predictions from those users across North, Central and South America. It is the fan engagement platform of choice of some of the biggest names in sports, including Los Angeles Rams, Green Bay Packers, Buffalo Bills, Los Angeles Lakers, Atlanta Hawks, St. Louis Blues, CONCACAF, and Altético MG, among others.
With the closing of the Series Seed investment, Tally will continue to invest in its data platform, expand its operations, and build out a wider variety of game types.
In an official press release, CEO of Tally Brad Vettese said: "Each year almost $50 billion is spent globally on sports sponsorship with little way to measure the brands' resonance, and no real accountability in its ability to build a sustainable, valuable relationship with fans. Tally builds that critical bridge. By connecting brands directly to fans, we enhance engagement for some of the world's most prestigious sports entities and brand sponsors, like AmBev, who can now leverage their first party data to build and own direct, one-to-one relationships with their beer consumers”.
"We are thrilled to be partnering with Acies Investments who have great experience within sports technology and sports betting. They will be a major asset as we continue to grow and help our partners build stronger and more engaged audiences."
Dan Fetters, Co-Founding Partner and Co-CIO of Acies, added: "We are excited to partner with Brad and the Tally team who have created an exceptional system of fan engagement and data management that goes well beyond the simple prediction games of the past. We recognize that North American sports betting operators are the primary audience for this rich fan data, but the addition of sponsors looking for meaningful activation on a global basis is truly game changing."