Bettingmetrics completes £150,000 investment round

Bettingmetrics completes £150,000 investment round

Sports betting platform Bettingmetrics has successfully completed an investment round worth £150,000 (€173,300/$196,100).

Published 12th April 2019

RLC Ventures led the latest round, with Bettingmetrics planning to use the new funds to support ongoing product development.

This will include enhancing its odds comparison feature and bet tracker function, with the latter aiming to offer users suggestions on how to improve their betting performance based on their own data.

Bettingmetrics is an online platform where betting activities are collated into a single place, allowing punters to read news, compare odds, place bets, follow tipsters, and track and analyse their betting performance.

“I am enjoying great business relationship with RLC Ventures that helped us a lot to get to the point we are now,” Bettingmetrics founder Martin Grozev (pictured) said.

“With the strong team built and the support of RLC Ventures I am confident that bright future is expecting us.

“Our future plans are to extend our partnerships with different bookmakers and allow users to place bets directly from our site which effectively eliminates the need to switch between tabs using a couple of different websites and wasting tone of time.”

Reece Chowdhry, CEO and founder of RLC Ventures, added: “Bettingmetrics has built a world-class analytics and odds-checking platform. The team have demonstrated brilliant traction by growing their user base by 60% per month and achieving solid growth in recurring revenue (31% the past month).

“We are excited to back their excellent team in this next stage of growth and product development.”