About betr
Betr.app is a digital platform that combines fantasy sports with microbetting, targeting sports fans who want to engage in betting on their favorite sports like NFL, NBA, MLB, and NHL. The platform offers two main features: Betr Picks and Microbetting. Betr Picks allows users to make multiple bets on player statistics, with the potential to win up to 100 times their entry, enhancing the traditional fantasy pick'em experience. Microbetting enables users to place bets on specific moments during live sporting events, catering to those who enjoy fast-paced action and unpredictability. Betr.app generates revenue through entry fees from users participating in these betting games, making it distinct from competitors by focusing on both fantasy elements and real-time betting excitement. The company's goal is to provide an engaging and dynamic platform for sports enthusiasts to test their knowledge and instincts while enjoying the thrill of betting.
Risks
Increased competition from FanDuel and DraftKings may impact Betr's market share.
Rapid state expansion could lead to regulatory challenges and compliance issues.
Reliance on Huddle Tech's technology poses integration risks if deployment issues arise.
Differentiation
Betr offers instant gratification through microbetting on live sports events.
Betr Picks allows users to win up to 100 times their entry on player stats.
Betr's peer-to-peer 'Group Mode' enhances user engagement in fantasy sports.
Upsides
Betr's expansion into 33 states increases its potential customer base significantly.
The acquisition of Huddle Tech's technology enhances Betr's sports gaming platform capabilities.
Collaborations with media personalities boost Betr's brand visibility and audience reach.
Funding
SERIES A
5/31/2023- Deirdre Bigley
- David Grutman
- Riverside Ventures
- SimpleBet
- Anti Fund
- Fuel Venture Capital
- Richard Sherman
- 305 Ventures
- Karman Ventures
- Gaingels
- Mark Wan
- 8VC
- Magic City Casino
- FinSight Ventures
- Aliya Capital Partners
- TampaBay.Ventures
- Elizabeth Street Ventures
- Dez Bryant
- Elysium Venture Capital
- DeSean Jackson
- Braxton Berrios
- Ezekiel Elliott
- The Stronach Group
- Boston Celtics
- IA Sports Ventures
- Roger Ehrenberg
- Palm Tree Crew Investments
- Gary Barber
- Travis Scott
- Florida Funders
- Eberg Capital
- Trog Hawley Capital
- FJ Labs
- Russell W. Galbut
- Joey Levy