Wagerer, a sports wagering enterprise specializing in micro-bets, has secured $35 million in a Series A2 funding round, elevating the company’s valuation to $300 million.
Spearheading the investment were IA Sports Ventures, Eberg Capital, and Fuel Venture Capital, increasing their aggregate stake in Wagerer to $20 million. Significantly, these firms initially committed a combined $10 million, underscoring their confidence in Wagerer’s trajectory. The round was orchestrated by Roger Ehrenberg, a distinguished personality in the investment realm.
Wagerer’s architects, Jake Paul and Joey Levy, also contributed to the round via their Anti Fund. Furthermore, current stakeholders, including FinSight Ventures, Florida Funders, and Aliya Capital Partners, demonstrated their ongoing backing by exceeding their pro-rata allocations.
This capital infusion follows Wagerer’s recent absorption of FansUnite’s Chameleon platform, a strategic maneuver facilitating the rollout of Wagerer Betting. This platform, presenting a comprehensive array of sports wagering choices, marks a pivotal stride in Wagerer’s expansion. The Chameleon platform is also poised to underpin the forthcoming debut of two supplementary real-money gaming verticals, further broadening Wagerer’s portfolio.
The company was ecstatic to announce the closing of their Series A2 funding round, particularly following the successful establishment of both Betr Gaming and Betr Media. This infusion of capital serves as a strong endorsement of their fundamental hypotheses,” remarked Joey Levy, Founder and CEO of Betr.
“Joey, Jake, and the whole Betr team are exceeding all expectations,” added Jeff Ransdell, Founding Partner and Managing Director at Fuel Venture Capital. “The overwhelming response from investors is a testament to the caliber and promise of their endeavor.”