Betr Holdings Inc. — the sports wagering startup co-founded past pugilist Jake Saint Paul — announced yesterday that it raised another $15 million, valuing the society at $375 million.
The in style(p) funding round, which brought the tot raised to appointment by Miami-based Betr to $100 million, was led past Harmony Partners and 10x Capital with involvement from existing Bet investors Fuel Venture Capital, Aliya Capital Partners, and Roger Ehrenberg/Eberg Capital, among others.
Betr late proclaimed market memory access expansion plans for its Online Sportsbook product, having secured securities industry access code inward Pennsylvania, Ohio, Virginia, Indiana, Colorado, and Kentucky, as intimately as the upcoming set in motion of its Casino mathematical product (pending regulatory approval), with the companion also securing iGaming market approach inwards Pennsylvania,” according to a statement. “Betr has also officially received its temporary IN sports wagering permit from the IN Gaming Commission inwards recent weeks.”
The funding troll arrived presently after Betr announced its departure from the Old Colony sports wagering market.
Betr Proving Adept at Raising Capital
To date, Betr has been a flake player on the domesticated sports wagering stage, but in simply over deuce years, the accompany has proven proficient at raising upper-case letter and attracting well-known investors.
Prior to the Wed announcement, the gaming operator’s finally upper-case letter conjure was an A2 round of drinks cobbler's last June inwards which it garnered $35 million at a pre-money valuation of $300 million. That round out was led by Roger Ilya Ehrenberg via IA Sports Ventures and Eberg Capital, and Fuel Venture Capital. With a $10 gazillion donation inward the A2 round, Fuel Venture boosted its investments-to-date inwards Betr to $20 million.
Some Betr investors make previously taken stakes inwards entities that went on to suit well-known internet firms and 10X Capital was an betimes investor inward DraftKings (NASDAQ: DKNG).
“We trust that Betr has the product, direction and securities industry opportunity that we saw in DraftKings in its betimes days with a significantly larger TAM and elbow room for ontogenesis today,” said David Weisburd, Co-Founder and Head of Venture Capital at 10x Capital, inward the statement.
Other Gaming Financing News
Separately, Vancouver-based Strive Gaming – a provider of participant answer for direction analytics – raised an unrevealed sum total from OpenBet. That marks the world-class investment past OpenBet since it was sold inwards 2022 past Light & Wonder (NASDAQ: LNW) to Endeavor Group Holdings, Inc. (NYSE:EDR).
OpenBet now has a minority interestingness inwards Strive. Astralis Capital Management, Knutsson Holdings AB, and Betsson also participated inward that funding round.
“With the strength of Strive Gaming’s PAM as a future-proofed answer for the U.S. market, combined with OpenBet’s high standards, we can offer U.S. operators a to the full structured turnkey proposition that testament fire responsible betting experiences,” said OpenBet CEO Hashemite Kingdom of Jordan Levin inwards a statement. “This new partnership sparks a new chapter inward our history.”
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