Gaming and media enterprise, Betr, established by Jake Paul and Joey Levy, secured $35 million in Series A2 funding, elevating its pre-money valuation to $300 million. Spearheading this investment round were IA Sports Ventures, Eberg Capital, and Fuel Venture Capital, with each firm substantially augmenting their ownership in the company.
This capital infusion follows Betr’s recent purchase of the Chameleon platform from FansUnite, a strategic move facilitating the debut of their inaugural sports wagering product, Betr Betting. The platform will also serve as the foundation for Betr’s two forthcoming real-money gaming verticals, further cementing its presence within the burgeoning online gaming sector.
The team was ecstatic to announce the successful closure of their Series A2 funding round,” shared Joey Levy, Betr’s Founder and CEO. “Securing this investment is incredibly timely, as both Betr Gaming and Betr Media are gaining momentum and validating key aspects of our initial vision.”
“Joey, Jake, and the entire Betr team are crafting something extraordinary,” remarked Jeff Ransdell, Founding Partner & Managing Director at Fuel Venture Capital. “The level of investor enthusiasm in this round speaks volumes about the caliber of their work and the immense potential that lies ahead.”
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