Betr Raises $35M In Series A2 At $300M Pre-Money Valuation, Round Led By Roger Ehrenberg Via IA Sports Ventures And Eberg Capital, And Fuel Venture Capital; Says Fuel Expanded Investment Size In Betr From $10M Invested To Date To $20M Total
Portfolio Pulse from Benzinga Newsdesk
Betr, a sports betting platform, has raised $35M in a Series A2 funding round at a pre-money valuation of $300M. The round was led by Roger Ehrenberg via IA Sports Ventures and Eberg Capital, and Fuel Venture Capital. Fuel Venture Capital has increased its total investment in Betr from $10M to $20M.
June 27, 2023 | 4:15 pm
News sentiment analysis
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NEUTRAL IMPACT
Betr's successful funding round may indirectly impact BETZ, an ETF that includes companies in the sports betting industry. However, as Betr is not directly included in BETZ, the impact may be limited.
Betr's funding round indicates a positive sentiment towards the sports betting industry, which could indirectly benefit BETZ. However, as Betr is not directly included in the ETF, the impact may be limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Betr's funding round may indirectly impact BJK, an ETF that includes companies in the gaming industry. However, as Betr is not directly included in BJK, the impact may be limited.
Betr's funding round indicates a positive sentiment towards the gaming industry, which could indirectly benefit BJK. However, as Betr is not directly included in the ETF, the impact may be limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Betr's funding round may indirectly impact IBET, an ETF that includes companies in the sports betting industry. However, as Betr is not directly included in IBET, the impact may be limited.
Betr's funding round indicates a positive sentiment towards the sports betting industry, which could indirectly benefit IBET. However, as Betr is not directly included in the ETF, the impact may be limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50