What is Betable?
Betable specializes in providing advanced Fintech and Gaming solutions, enhancing competitiveness and reducing costs for clients globally. Its proprietary NewShore Technology offers a fully integrated cashier with payment solutions designed to minimize transaction fees for gaming partners. The company effectively serves both land-based businesses transitioning to online operations and established online brands seeking a modular platform for diverse gaming content. Betable's commitment to quality and safety is paramount, as it operates within a regulated environment, leveraging its extensive experience in online gaming to serve gaming partners and players.
How much funding has Betable raised?
Betable has raised a total of $18.5M across 1 funding round:
Series A
$18.5M
Series A (2013): $18.5M with participation from Founders Fund, Greylock Partners, and Venture51
Key Investors in Betable
Founders Fund
Founders Fund is a venture capital firm known for investing in transformative companies across various sectors and stages, with partners having a history of backing successful tech giants like SpaceX and Stripe.
Greylock Partners
83North (formerly Greylock Israel) is a global venture capital firm that invests in early-stage and growth-stage companies, focusing on building category-leading businesses with a strong portfolio of tech innovations.
Venture51
Venture51 provides Forge, a platform designed to help developers manage applications and server environments, streamlining workflows with features for project installation, DNS management, and SSL support.
What's next for Betable?
The substantial enterprise-level funding and recent strategic investment indicate Betable is poised for significant scaling and market penetration. This capital infusion will likely be directed towards enhancing its NewShore Technology, expanding its client base in both the US and international markets, and potentially exploring new verticals within the Fintech and Gaming industries. The company's focus on reducing transaction costs for gaming partners positions it as a key enabler for businesses looking to optimize their online operations and transition effectively into the digital space.
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