betr.appConsumer & Lifestyle / EntertainmentFounded: 2021Funding to Date: $544.81MM
Betr is a sports betting application developed in a direct-to-consumer model. Within the legacy gambling industry, the company aims to disrupt micro-betting in the U.S. and improve outdated models of spectator sports and media investing. Betr was founded by Joey Levy and Jake Paul in 2022 and is headquartered in Miami, FL.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/30/2024 | Series A-3 | $30.5MM | $xx.xx | $480.66MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,715,139
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
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03/06/2024 | Series A-2 | $50.7MM | $xx.xx | $375.08MM | IA Sports Ventures, Eberg Capital, Fuel Venture Capital, Joey Levy, Anti Fund, FinSight Ventures, Florida Funders, Aliya Capital Partners, Harmony Partners, 10x Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,515,794
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
IA Sports Ventures, Eberg Capital, Fuel Venture Capital, Joey Levy, Anti Fund, FinSight Ventures, Florida Funders, Aliya Capital Partners, Harmony Partners, 10x Capital
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08/08/2022 | Series A-SAFE | $2.55MM | $xx.xx | $249.59MM | Florida Funders, 8vc, Aliya Capital Partners, Fuel Venture Capital, FinSight Ventures, Travis Scott, Ezekiel Elliott, Dez Bryant, Richard Sherman, Desean Jackson, Palm Tree Crew, Anti Fund, 305 Ventures, Simplebet, Stonarch Group, Magic City Casino | |
Price per Share
$xx.xx
Shares Outstanding
537,407
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Florida Funders, 8vc, Aliya Capital Partners, Fuel Venture Capital, FinSight Ventures, Travis Scott, Ezekiel Elliott, Dez Bryant, Richard Sherman, Desean Jackson, Palm Tree Crew, Anti Fund, 305 Ventures, Simplebet, Stonarch Group, Magic City Casino
|
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08/08/2022 | Series A-1 | $26.52MM | $xx.xx | $249.59MM | Florida Funders, 8vc, Aliya Capital Partners, Fuel Venture Capital, FinSight Ventures, Travis Scott, Ezekiel Elliott, Dez Bryant, Richard Sherman, Desean Jackson, Palm Tree Crew, Anti Fund, 305 Ventures, Simplebet, Stonarch Group, Magic City Casino | |
Price per Share
$xx.xx
Shares Outstanding
2,600,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Florida Funders, 8vc, Aliya Capital Partners, Fuel Venture Capital, FinSight Ventures, Travis Scott, Ezekiel Elliott, Dez Bryant, Richard Sherman, Desean Jackson, Palm Tree Crew, Anti Fund, 305 Ventures, Simplebet, Stonarch Group, Magic City Casino
|
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08/08/2022 | Series A | $32.51MM | $xx.xx | $249.59MM | Florida Funders, 8vc, Aliya Capital Partners, Fuel Venture Capital, FinSight Ventures, Travis Scott, Ezekiel Elliott, Dez Bryant, Richard Sherman, Desean Jackson, Palm Tree Crew, Anti Fund, 305 Ventures, Simplebet, Stonarch Group, Magic City Casino | |
Price per Share
$xx.xx
Shares Outstanding
5,427,310
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Florida Funders, 8vc, Aliya Capital Partners, Fuel Venture Capital, FinSight Ventures, Travis Scott, Ezekiel Elliott, Dez Bryant, Richard Sherman, Desean Jackson, Palm Tree Crew, Anti Fund, 305 Ventures, Simplebet, Stonarch Group, Magic City Casino
|