Cipher Sports

Harwood Andrews is pleased to have advised the founders of iRival and Hypometer on their merger to form Cipher Sports, and subsequent capital raising via the issue of convertible notes.  The $5m Series A round, mainly to wholesale investors will be used for US expansion, a market where it already has a presence. Cipher Sports owns and operates consumer-facing websites such as dimers.com in the United States featuring the company’s proprietary technology that helps predict outcomes in games.  

Harwood Andrews advised Cipher on all aspects of the transaction. 

Expertise area: Mergers and acquisitions, Capital Raising, Employment, Tax

Practice groups involved: Corporate & Commercial, Tax

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