Firm to use new-found resources to expand and add staff
Betable raises us$ 18.5 million in equity
2013-11-07
Reading time 26 seg
(US).- Betable has raised us$ 18.5 million in its second round of equity funding, led by Venture51 and including further contributions from early Betable backers Greylock and Founders Fund. Betable said it plans to use the money to employ more staff and extend its reach into new markets.
Betable has now raised over us$ 23 million from investors. Founders Fund partner Brian Singerman stated that the 'primary reason' for investing in Betable is a belief in the vision of Betable’s founder, Chris Griffin. “Nothing matters more than the entrepreneurs in early stage investments, and we have tremendous faith in Chris and his ability to transform the gaming market,” he explained.
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