Caydan Capital Partners Completes Follow-On Investment in Cheddr Picks Inc. Alongside Multicoin Capital

BOSTON, MA – Caydan Capital Partners announced today that it has completed a follow-on investment of $1.575M in Cheddr Picks Inc. ("Cheddr") as part of a financing round that also included Multicoin Capital, a leading investment firm focused on digital assets, blockchain technologies, and crypto companies. The additional capital will support Cheddr's continued product development and preparation for its planned commercial launch. 

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“This financing completes the initial phase of our funding and provides the capital we believe is needed to reach several significant development and commercialization milestones,” said Jason Krupat, CEO of Cheddr Picks Inc. “This is one of the most exciting times to be building and investing in gaming and prediction markets, and we believe Cheddr is at the forefront of that opportunity.”

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Cheddr Picks Inc. is developing a next-generation sports sweepstakes platform designed to provide sports fans with an innovative and engaging way to predict sporting events. The Company is focused on building a scalable platform that combines an intuitive user experience with technology designed for long-term growth in the rapidly evolving sports gaming market. The financing will support continued product development, technology enhancements, strategic hiring, and commercialization efforts as Cheddr advances toward launch.

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"This investment allows us to further support the Company's development, and we're excited about the progress they're making as they continue executing on their vision," said Rick Waldo, Managing Partner of Caydan Capital Partners.

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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/.

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About Cheddr Picks Inc.

Cheddr Picks Inc. is developing a next-generation sports sweepstakes platform designed to provide an innovative, engaging, and accessible experience for sports fans. The Company is focused on combining intuitive product design with scalable technology to create a differentiated platform within the rapidly evolving sports gaming market.

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About Multicoin Capital

Multicoin Capital is a leading investment firm focused on digital assets, blockchain technologies, and crypto companies. The firm invests across the blockchain ecosystem, supporting entrepreneurs developing the next generation of decentralized technologies and financial infrastructure.