About Betr
Betr is a company based in Miami (United States) founded in 2022 by Jake Paul and Joey Levy.. Betr has raised $102 million across 3 funding rounds from investors including FJ Labs, 10X Capital and Palm Tree Crew. Betr offers products and services including Betr App, Fantasy Sports Service, and Sportsbook Betting. Betr operates in a competitive market with competitors including Flutter Entertainment, Betfair Group, LiveScore Group, BetMGM and Betway, among others.
- Headquarter Miami, United States
- Founders Jake Paul, Joey Levy
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Sectors
Media & EntertainmentConsumer
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$102 M (USD)
in 3 rounds
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Latest Funding Round
$50.7 M (USD), Series A
May 05, 2023
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Investors
FJ Labs
& 32 more
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Employee Count
Employee Count
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Products & Services of Betr
Betr offers a comprehensive portfolio of products and services, including Betr App, Fantasy Sports Service, and Sportsbook Betting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for fantasy sports and betting predictions
Online system for pick'em style daily fantasy contests
Platform for wagering on sports events and outcomes
Funding Insights of Betr
Betr has successfully raised a total of $102M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $50.7 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $50.7M
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First Round
First Round
(20 Jan 2022)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - Betr | Valuation | Eberg Capital , Fuel Venture Capital | |
| Aug, 2022 | Amount | Series A - Betr | Valuation | Aliya , Fuel Venture Capital | |
| Jan, 2022 | Amount | Series A - Betr | Valuation | Florida Funders |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Betr
Betr has secured backing from 33 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FJ Labs, 10X Capital and Palm Tree Crew. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Eberg Capital is involved in unspecified business activities.
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Founded Year | Domain | Location | |
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Innovative investments are targeted by this venture capital firm.
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Founded Year | Domain | Location | |
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Tech investment firm offering venture capital and support to startups in AI and related fields.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Betr
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Betr
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Betr Comparisons
Competitors of Betr
Betr operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutter Entertainment, Betfair Group, LiveScore Group, BetMGM and Betway, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gambling services are provided via sports betting and online platforms.
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| domain | founded_year | HQ Location |
Online sports betting exchange services are operated internationally.
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| domain | founded_year | HQ Location |
Betting tools are developed for sports bettors worldwide.
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| domain | founded_year | HQ Location |
Online casino and sports betting platforms are developed by BetMGM.
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| domain | founded_year | HQ Location |
Provider of an online betting platform offering multi-category games
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Betr
Frequently Asked Questions about Betr
When was Betr founded?
Betr was founded in 2022.
Where is Betr located?
Betr is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Betr?
Joey Levy is the current CEO of Betr. They have also founded this company.
Is Betr a funded company?
Betr is a funded company, having raised a total of $102M across 3 funding rounds to date. The company's 1st funding round was a Series A of $31.3M, raised on Jan 20, 2022.
What does Betr do?
Betr was founded in 2022 in Miami, United States, as a developer in the sports betting sector. A platform is provided for micro-betting on rugby, basketball, and baseball events. Tools for responsible gambling are included, along with fantasy sports features that allow user control over betting activities. Operations focus on digital services accessible via the betr.app domain.
Who are the top competitors of Betr?
Betr's top competitors include Flutter Entertainment, Betfair Group and Betway.
What products or services does Betr offer?
Betr offers Betr App, Fantasy Sports Service, and Sportsbook Betting.
Who are Betr's investors?
Betr has 33 investors. Key investors include FJ Labs, 10X Capital, Palm Tree Crew, FinSight, and Magic City Casino.