The mobile lottery app Jackpocket has raised $120m in Series D funding to continue its growth strategy.
Led by the consumer-internet-focused Left Lane Capital, the Series D funding comes from star names from business and entertainment including Kevin Hart, Whitney Cummings, Mark Cuban, Manny Machado.
The round also featured contributions from a range of investment funds including Greenspring Associates, The Raine Group, Anchor Capital, Gaingels, Conductive Ventures, BlueRun Ventures, Digital Currency Group and PROOF.
“The mobile gaming and lottery industry is experiencing an exciting and unprecedented level of growth and expansion. It was very clear to us that Jackpocket was the company in the space to back, and is spearheading real progress and innovation in this market,” said Harley Miller, Founder and Managing Partner of Left Lane Capital.
“To innovate in the lottery space in a compliant fashion has historically been difficult, and we were compelled by the integrity with which Jackpocket has navigated the ecosystem. We look forward to supporting their growth and further expansion efforts.”
Series D funding will be used to support Jackpocket’s geographic expansion, and implement new verticals and gameplay. Following the Series C investment round, the lottery app has seen its active users increase by over 300%.
“We’re excited to have such a diverse group of partners and individuals validate Jackpocket’s vision for the future,” said Peter Sullivan, CEO and Founder of Jackpocket.
“Our success over the past 12 months highlights our ability to reach the broadest base of lottery player possible, and we’ll use this funding to continue to grow and innovate the platform with new types of gameplay.”