Betr raises a further $35m, valued at $300m
Betr has recently completed its series A2 seed financing round, which has netted the firm an additional 35 million dollars.
The microbetting-focused sports wagering firm has recently held an initial closing for its latest funding round, with its evaluation being at 300 million dollars pre-money. Betr will conduct a final closing of this funding round in the third quarter of the year.
Betr has been expanding at pace recently, with the company’s real-money sports wagering offerings going live in Massachusetts in the first half of May. The company has also recently acquired an operating license in Virginia, where it is preparing to launch in the near future.
Furthermore, in its announcement, Betr mentioned that it will soon be unveiling two new gaming offerings in different verticals in the near future, which will further expand the company’s catalog of entertainment opportunities and allow it to cater to a wider audience of bettors.
Back in May, Betr purchased the Chameleon platform from FansUnite, which will allow the operator to offer traditional sports wagering services in addition to the micro betting options it has become well-known for. The acquisition cost Betr just under 7.5 million dollars, 2.2 million dollars of which was in cash while 1.5 million dollars was in the latter’s equity.