Funds and Acquisition for Sports Data Firm QL Gaming

Sports betting data and analytics provider QL Gaming Group (QLGG) has raised $1.1m in new funding, and acquired Finnish sports forecasting service Accuscore.

Founded in 2009, Accuscore uses a patent pending simulation engine which analyses past player performances and relates that data to the coming match, considering team composition, weather, location and coaching. This is used to forecast the results of NFL, College Football, NCAAB, Baseball, NBA, NHL and soccer games, and it has also issued predictions on the outcomes of elections and the Eurovision Song Contest. The firm's pre-game information and statistics are published on partner networks including ESPN, CBS Sports, Yahoo!, The Wall Street Journal, and more than 80 local TV and newspaper web sites.

Accuscore CEO Tuomas Kanervala (pictured) comments: 'We are thrilled to join QL Gaming. Their expertise around customer facing sports data products is unrivalled and will help both our B2C and B2B businesses'.

QLGG's new funding round was led by Tim and Todd McSweeney, with participation from Boston Seed Capital, Karlani Capital and Subersive Capital, and brings the total raised to date to more than $8m. The new investment will be used to expand the scope of QLGG's sports betting analytics platform BETQL.

Web sites: www.qlgaminggroup.com and www.accuscore.com .