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Novig Announces $6.4M In Seed Funding From Leading Investors Ahead Of Launch In Colorado

PRIVATEAug 22, 2023•almost 3 years ago

Amount Raised

$6.4 Million

Round Type

seed

New YorkSportsGambling

Investors

Bronco Billy's Casino PropertyFull House ResortsNovigCapital XTrue Culture FundTracPalm Drive CapitalArchon CapitalRavi ShethAlan RutledgeAusten AllredArash FerdowsiBayhouse CapitalRebel FundInnospark VenturesSoma CapitalJoe MontanaPaul GrahamY CombinatorLux Capital

Description

Novig, a high-frequency, commission-free sports betting exchange, announced today that it has completed a seed funding round totaling $6.4 million from a group of prominent investors ahead of its launch in Colorado. Funding was led by Lux Capital with participation from Y Combinator, Paul Graham, Joe Montana, Soma Capital, Innospark Ventures, Rebel Fund, Bayhouse Capital, Arash Ferdowsi (Dropbox), Austen Allred, Alan Rutledge, Ravi Sheth, Archon Capital, Palm Drive Capital, TRAC, True Culture Fund, CapitalX, and many others.

Company Information

Company

Novig

Location

New York, New York, United States

About

Novig is America's #1 Sports Prediction Market, and the only platform to offer commission-free, peer-to-peer trading on sports. By eliminating the traditional sportsbook model, Novig delivers better pricing, full transparency, and a more efficient market structure for users.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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