Novig Announces $6.4M In Seed Funding From Leading Investors Ahead Of Launch In Colorado
08/22/23, 12:03 PM
Location
new yorkMoney raised
$6.4 million
Industry
gambling
sports
Round Type
seed
Investors
Bronco Billy's Casino Property, Full House Resorts, Novig, Capital X, True Culture Fund, Trac, Palm Drive Capital, Archon Capital, Ravi Sheth, Alan Rutledge, Austen Allred, Arash Ferdowsi, Bayhouse Capital, Rebel Fund, Innospark Ventures, Soma Capital, Joe Montana, Paul Graham, Y Combinator, Lux Capital
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 Info
Location
new york, united states
Additional Info
Novig is a commission-free sports betting exchange that guarantees bettors the best odds and eliminates the need for traditional sportsbooks.
It does this by enabling users to bet directly against friends or the market, rather than against the house, making the betting experience more efficient, fair, and, most importantly, profitable.
As the United States regulatory landscape evolves, Novig is positioned to become a leading innovator in sports betting with its unique focus on quantitative research and high-frequency trading.