Prize-based Sports Wagering Service PicksPal Raises $3 Million

Authored by Mark Hefflinger on October 30, 2007 - 7:26am.

Mountain View, Calif. - PicksPal, a free, national online sports competition where users predict the winners of various games, has raised $3 million in its third round of venture capital financing, from Bay Partners and Canaan Partners, PEHub.com reported.

Founded by Tom Jessiman, a former executive at CBS SportsLine.com, PicksPal operates a year-round sports betting site where users compete for prizes.

The company also sells the picks of its top-performing users to other sports bettors.

Mountain View, Calif.-based PicksPal has now raised a total of $9 million.

http://www.pickspal.com