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Betr Raises $35M In Series A2 At $300M Pre-Money Valuation

Jun 27, 2023•about 2 years ago

Amount Raised

$35 Million

Round Type

series a

MiamiSports

Investors

Aliya Capital PartnersFlorida FundersFin Sight VenturesJoey LevyFuelFuel Venture CapitalEberg CapitalIa Sports VenturesRoger EhrenbergBetr Holdings Inc.

Description

Betr Holdings Inc. ("Betr" or the "Company"), today announced its $35M Series A2 round of financing valuing the company at $300M pre-money. The Company held a set of initial closings for its Series A2 round of financing in Q2 and is scheduled to conduct a final closing in Q3. The round is co-led by Roger Ehrenberg via IA Sports Ventures and Eberg Capital, and Fuel Venture Capital, with Fuel expanding their investment size in Betr from $10M invested to date to $20M total

Company Information

Company

Betr

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.

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

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