Caydan Capital Partners Leads Financing Round for Cheddr Picks, Inc. Joins Andreesen Horowitz’s a16z Speedrun As Early Backer

BOSTON, MA — Caydan Capital Partners announced today that it has led a $1.23M financing round for Cheddr Picks, Inc., an a16z Speedrun-backed startup and Caydan portfolio company building a mass-market sports wagering platform designed to make sports gaming more accessible, social, and engaging.

‍

Cheddr was selected for Cohort 004 of a16z Speedrun, Andreessen Horowitz’s early-stage startup program supporting high-growth technology and consumer companies. Caydan’s investment adds further institutional support as Cheddr advances its platform and continues to build at the intersection of sports, gaming, and consumer entertainment.

‍

“We’re excited to partner with Caydan as we continue building Cheddr and preparing the platform for broader market launch,” said Jason Krupat, CEO of Cheddr Picks, Inc. “Caydan shares our vision for creating a more accessible, engaging sports gaming experience, and we look forward to working together as we enter this next stage of growth.”

‍

Cheddr is developing a real-money sports wagering platform built for the mass market. The Company is designed to operate legally in 46 states, giving it broader potential reach than traditional online sportsbooks. Through an easy-to-use interface, gamification, and live in-game micro-betting, Cheddr aims to create a more intuitive and entertaining sports gaming experience for a wider audience of fans.

‍

“We are proud to lead this financing round and to join a16z Speedrun among Cheddr’s early backers as the Company builds a next-generation sports wagering platform,” said Rick Waldo, Managing Partner of Caydan Capital Partners.

‍

The Cheddr team brings more than 30 years of combined experience across sweepstakes, skill-based gaming, and real-money gaming. Led by CEO Jason Krupat, Cheddr is focused on simplifying the sports wagering experience and building a platform that feels more modern, social, and accessible than traditional sportsbook products.

With Caydan’s support, Cheddr is positioned to continue building a consumer-first platform for the next generation of sports fans.

‍

About Caydan Capital Partners 

Caydan Capital Partners is a Boston, Massachusetts-based private equity firm focused on control investments in growth-oriented companies in the North American lower middle market. With offices in Boston, Dallas, and Puerto Rico, Caydan provides investors with access to a historically less accessible segment of the market through a diversified investment platform spanning private equity, public equity, and venture capital. For more information, please visit https://www.caydancapital.com/.

‍