Wagering platform, Betr, specializing in micro-bets, has obtained $35 million in Series A2 financing, boosting the firm’s worth to $300 million.
This recent investment round, led by IA Sports Ventures, Eberg Capital, and Fuel Venture Capital, witnessed substantial involvement from current stakeholders, including a significant contribution from Roger Ehrenberg. Betr’s creators, Jake Paul and Joey Levy, also participated in the round via their investment entity, Anti Fund.
The capital influx follows Betr’s strategic purchase of FansUnite’s Chameleon system. This acquisition is crucial for Betr’s growth strategy, facilitating the rollout of a fully operational sports wagering platform, Betr Betting. The platform will provide a wide array of wagering choices, encompassing pre-game and live betting, accumulators, single-game parlays, futures, propositions, and coverage of more than 20 sports. Beyond conventional sports betting, the Chameleon system will also support Betr’s two forthcoming real-money gaming verticals, demonstrating the company’s dedication to expanding its offerings.
Although the Series A2 financing round was partially finalized in the second quarter, the ultimate closing is projected for the third quarter of this year.
We were ecstatic to share our Series A2 funding news,” stated Joey Levy, Betr’s Founder and CEO. “This investment builds upon our established momentum and confirms our central hypothesis for both Betr Gaming and Betr Media.”
Fuel Venture Capital’s Founding Partner and Managing Director, Jeff Ransdell, remarked, “Joey, Jake, and the entire Betr team are developing something truly remarkable. The impressive investor enthusiasm is a clear indication of the caliber and promise of their endeavor.”
