Autolotto closes Series A funding

San Francisco-based mobile lottery service, AutoLotto, has closed a $17 million Series A funding round, led by various private investors.

The funding round will support the growth and expansion of the company’s mobile app, which enables users to play the PowerBall lottery, track and check ticket results using the scan function on their mobile device.

“The Series A includes many return investors from previous rounds, and the level of strategic investment affirms the market’s belief in AutoLotto as the clear leader in re-imagining how people play the lottery, particularly for the younger, more phone-centric consumers,” said Tony DiMatteo, chief executive officer of AutoLotto.

The company, including its initial seed and Series A funding rounds, has raised a total of $19 million since inception.

Marquee and “super-angel” investors include Jason Port, Bruce Gibney, Ben Narasin, Ryan Scott and Aurum Partners, to name a few.

“Finding a company in its early stages with such an incredible market potential doesn’t happen everyday. After spending time with founders Tony and Matt, understanding their global approach to advance the multi-billion dollar mobile lottery industry, we knew Autolotto was in the best position to lead and feel we can help them scale,” said Tom Arrix, managing partner at Adjacency Partners and AutoLotto investor.

AutoLotto is the first app of its kind seeking approval from US state legislators to allow users to play the lottery on their phone.