BetDEX Labs
Latest round
- Seed
Last raised
- Nov 2021
Total raised
- $21M
Investors
- 8
About BetDEX Labs
BetDEX Labs, Inc.Founded in 2021, BetDEX Labs, Inc. operates out of Edinburgh, UK, as a sports betting exchange that allows users to place bets on multiple sports. The company was established by Nigel Eccles and Stuart Tonner, both of whom have backgrounds in the betting industry.BetDEX operates as a global sports betting exchange, designed specifically to provide bettors with competitive odds and a streamlined betting experience. The platform allows users to place bets on a wide array of sports, including football, tennis, ice hockey, and various international leagues, catering to a diverse clientele of sports enthusiasts. BetDEX distinguishes itself by offering low commission rates—set at 3% on net profits—eliminating premium fees and account restrictions associated with traditional bookmakers.BetDEX's revenue model is based on commission from transactions, generating income from the 3% commission taken on net profits from bets placed on its platform. The company aims to expand its market presence, focusing on further growth within Europe, Asia, and North America, where it anticipates increased demand for its services. Upcoming product features and updates are also in development to enhance user experience and betting options.
Who invested in BetDEX Labs
8 investors across 1 round
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Funding rounds
Seed
Nov 17, 2021
Amount
$21M
Investors
Questions about BetDEX Labs
Who invested in BetDEX Labs?
BetDEX Labs has 8 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has BetDEX Labs raised?
BetDEX Labs has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did BetDEX Labs last raise money?
BetDEX Labs's most recent round on record is a Seed, in Nov 2021.
What does BetDEX Labs do?
BetDEX Labs is a software company.
Where is BetDEX Labs headquartered?
BetDEX Labs is headquartered in Edinburgh, UK.
Which VCs invest in companies like BetDEX Labs?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at BetDEX Labs's stage. Their profiles are linked below.
VCs backing software startups at Seed
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