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Betr Holdings, Inc. raised $15 million in strategic equity financing to accelerate its sports gaming and media businesses.

Mar 06, 2024•almost 2 years ago

Amount Raised

$15 Million

MiamiSports

Investors

Roger Ehrenberg/Eberg CapitalAliya Capital PartnersFuel Venture Capital10x CapitalHarmony Partners

Description

Betr Holdings, Inc. announced the closure of $15 million in strategic equity financing, bringing its total funding to date to $100 million. The round was co-led by Harmony Partners and 10x Capital, with participation from Fuel Venture Capital, Aliya Capital Partners, and Roger Ehrenberg/Eberg Capital, alongside others. The funding will be used to drive growth across Fantasy, Sportsbook, Casino, and Media divisions, as well as for market access expansion plans and hiring strategic senior leadership.

Company Information

Company

Betr Entertainment

Location

Miami, Florida, United States

About

Betr Entertainment is a sports betting company aiming to become a leading wagering player in Australia. The company focuses on delivering enhanced value to shareholders through strategic acquisitions. Betr has recently expanded its influence in the industry by acquiring significant stakes in competitors.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech