Business of Sports
Jake Paul’s Betr Sportsbook Startup Raises Funds at $375 Million Valuation
- Sports-betting outfit aims to expand beyond Ohio, Virginia
- Company also seeking regulatory approval for online casino
This article is for subscribers only.
Betr Holdings Inc., the sports-betting startup co-founded by social media star and boxer Jake Paul, has raised funds at a $375 million valuation as it prepares to ramp up gambling operations.
The $15 million financing round set to be announced Wednesday was led by venture capital firms Harmony Partners and 10X Capital. Existing investors include Fuel Venture Capital Partners, Aliya Capital Partners and Eberg Capital. The new round brings Betr’s total funding to $100 million.