Friday, February 23, 2024

Santa Barbara Venture Partners Gets Exit At Jackpocket

Santa Barbara Venture Partners, the venture fund run by Dan Engel, has scored the second exit in its first fund, SBVP Fund I, in the acquisition of Jackpocket earlier this month. SBVP did not say how much of Jackpocket it owned. DraftKings said earlier this month that it would pay $750M for Jackpocket, the provider of digital lottery services, which allow people to purchase lottery tickets through an app.