1/ST Leads $7 Million Investment in MyRacehorse

1/ST Racing & Gaming operates Santa Anita Park, Gulfstream Park, Laurel Park, Pimlico Race Course and Golden Gate Fields. 1/ST Technology encompasses a portfolio of products including 1/ST BET, Xpressbet and AmTote International.

Founded in 2018, MyRacehorse allows prospective owners to review, analyze and purchase fractional shares in racehorses for a single one-time payment of as little as $100. Through the MyRacehorse app, owners can follow the journey of racehorse ownership via updates from the trainer, jockey and analysts with direct and instant payouts of prize money.

The platform currently boasts more than 50,000 active owners and 100 active horses that have won more than 160 races worldwide with earnings of more than $20 million. MyRacehorse is predominantly focused in the U.S. and Australia and recently expanded to the United Kingdom and Ireland.

Experiential Squared, parent company to the global fractional racehorse ownership platform MyRacehorse, recently announced a funding round of $7 million raised from investors led by 1/ST through its 1/ST Racing & Gaming and 1/ST Technology business divisions.

“This is the ultimate strategic partnership; having 1/ST Racing & Gaming and 1/ST Technology as the lead investors not only provides us the capital to accelerate growth but the strategic assets and access to enhance the ownership experience for our 50,000-plus racehorse owners,” said Michael Behrens, founder and CEO of Experiential Squared and MyRacehorse. “1/ST Racing & Gaming and 1/ST Technology are progressive leaders in all aspects of Thoroughbred racing and have been supportive of MyRacehorse since the beginning. The partnership affirms 1/ST’s commitment to growing ownership and further immersing fans in our sport.”