What is Betable?
Betable is a technology company specializing in Fintech and Gaming, offering advanced solutions and modern platform technology to enhance competitiveness and reduce costs for its clients in both US and international markets. Through its NewShore Technology, Betable provides a fully integrated cashier with payment solutions designed to lower transaction fees for gaming partners. The company caters to land-based businesses transitioning online and online brands seeking a modular platform for diverse gaming content. With a focus on quality and safety, Betable serves gaming partners and players in a regulated environment, leveraging its extensive online gaming experience.
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 Venture51, Greylock Partners, and Founders Fund
Key Investors in Betable
Venture51
Venture51 is an investment firm that provides a platform for developers to manage applications and server environments, suggesting a focus on technology infrastructure and developer tools.
Greylock Partners
83North (formerly Greylock Partners) is a global venture capital firm that invests in exceptional entrepreneurs across all stages, with a track record of supporting companies aiming for global category leadership.
Founders Fund
Founders Fund is a venture capital firm that invests in companies across all sectors and stages, known for backing transformative companies like PayPal and SpaceX, indicating a preference for high-impact, disruptive ventures.
What's next for Betable?
With a substantial enterprise-level funding round and a recent strategic investment, Betable is well-positioned for accelerated growth. The company's focus on enhancing competitiveness and reducing costs for its Fintech and Gaming clients, particularly through its integrated cashier and payment solutions, indicates a strategic push towards market leadership. Future developments are likely to involve expanding its platform technology, broadening its client base in both traditional and online gaming sectors, and potentially exploring new regulated markets. The company's commitment to quality and safety suggests a continued emphasis on compliance and player protection as it scales.
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