Hot Paper Lantern Digital Sport and Cardinal Sports Partner to Create Accelerator Program

NEW YORK: Hot Paper Lantern Digital Sport, a specialty group that works with sports betting, fantasy and tech brands, has partnered with Cardinal Sports Capital, an advisory and investment firm.

The two companies have launched an accelerator program in which CSC plans to invest between 75 and 100 million dollars.

“We see so many different companies emerging as the world opens up again. Many of them don’t know where to turn, from investment finance to positioning and marketing,” said Ed Moed, CEO of Hot Paper Lantern. “It was logical to put [the accelerator program] looking forward to teaching and working with the best and brightest of these companies.”

The two organizations designed the program to help sports betting, gaming, sports technology and fantasy sports companies grow their business models faster and more successfully. It will call on key investors within the networks of the companies to finance the growth of the target companies.

“We want these companies to become really big titans and change the landscape in their categories,” Moed said.

Specific services include partnership development, advertising, influencer engagement, investor relations, and other brand building and customer acquisition solutions.

WagerWire, a proprietary sports betting futures market, is the first company to participate in the acceleration program.

CSC also has a strategic partnership with Canaccord Genuity, a global investment bank and financial services company. Other portfolio companies include Quarter4, ThriveFantasy and WagerWire.

HPL Digital Sport has worked with clients such as Sportradar, BettorEdge, SharpLink Gaming, NBC Sports Edge and Champion Gaming.

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