TLDR:
- Betr Holdings Inc. reaches a $375 million valuation after securing an additional $15 million in investments.
- The sports wagering startup is expanding market access for its Online Sportsbook product and has withdrawn from the Massachusetts sports wagering market.
In a recent development, Betr Holdings Inc., co-founded by Jake Paul, has seen a rapid growth in its valuation to $375 million after securing an additional $15 million in investments. This brings the total capital raised by the Miami-based company to $100 million since its inception. The round was led by Harmony Partners and 10x Capital, with earlier backers such as Fuel Venture Capital and Aliya Capital Partners showing continued support.
Betr is making significant strides in expanding its market access for its Online Sportsbook product, having recently secured a provisional sports wagering license from the Indiana Gaming Commission. However, the company has withdrawn from the Massachusetts sports wagering market, requiring a reassessment of its expansion strategy.
Despite being a relatively new player in the sports wagering industry, Betr’s ability to attract esteemed investors signals a promising future. The company’s successful capital mobilization efforts, including a $35 million investment round in June, have drawn comparisons to the early success of DraftKings. Investors like 10x Capital believe Betr has substantial potential for growth in the market.
Other developments in the gaming finance industry include Vancouver-based Strive Gaming attracting investment from OpenBet, marking a significant move in the sector. As the industry continues to evolve, online casinos are becoming a focal point, particularly in Canada where there is a growing interest in online gaming.
For those looking to explore the world of online casinos, West Island Blog offers a curated list of top online casinos for the month, providing enthusiasts with reliable and thrilling virtual casino experiences.
