Betr Raises $35m

Owners, Jake Paul and Joey Levy, were involved through Anti Fund, while other investors, such as FinSight Ventures, Florida Funders, and Aliya Capital Partners, invested a lot more than their pro rata portion.

Betr Raises $35m

A $35 million Series A2 round of fundraising led by Betr Holdings has valued the business at $300 million pre-money. 

Several first closings for the company's Series A2 round of fundraising were achieved in Q2; the final closing is anticipated in Q3.IA Sports Ventures, Eberg Capital, and Fuel Venture Capital increased the amount they have invested in Betr from $10 million to $20 million, subsequently leading the round. Roger Ehrenberg is a co-leader of the round. 

Owners, Jake Paul and Joey Levy, were involved through Anti Fund, while other investors, such as FinSight Ventures, Florida Funders, and Aliya Capital Partners, invested a lot more than their pro rata portion. 

The Chameleon platform was recently purchased by Betr from FansUnite, allowing Betr to launch the very first version of its OSB product, Betr Betting. This encompasses full sports betting capabilities, including live markets, parlays, same-game parlays, futures, props, and other many other bet types.

This is in addition to multiple core and niche sports. The Chameleon platform will support the two other real-money gaming verticals that the business will shortly announce.

Joey Levy, Founder and CEO of the betting firm, said:

"I am thrilled to announce our Series A2 round of financing, which we opportunistically raised after successfully laying the foundations for Betr Gaming and Betr Media while validating some of our core theses."

Jeff Ransdell, Founding Partner and MD of Fuel Venture Capital, commented:

"Joey, Jake and the incredible Betr team are truly creating something remarkable. The overwhelming demand from investors wanting to join this journey is a testament to the validity and promise of what they're building."