Metric Gaming raised $10m for US betting push
Series A funding round led by New York-based investor RDA Ventures
Metric Gaming has completed a $10m funding round to help the sportsbook provider establish itself in the US market.
The Series A Funding Round was led by RDA Ventures LLC, with additional funds coming from existing investors.
As part of its investment, RDA Ventures will join Metric Gaming’s board of directors.
RDA is based in New York and describes itself as a family office investment firm.
“This investment will accelerate Metric Gaming’s plans to capitalise on the substantial market opportunities arising as states across the US continue to legalise sports betting,” said Martin de Knijff, Metric Gaming founder and CEO.
Metric has offices in London and Las Vegas with subsidiaries in the Isle of Man and Sweden and is licensed by the UK Gambling Commission
David Broser, president of RDA Ventures, added: “The combination of Metric’s product suite, services and management talent made this an easy investment for us.
“Metric is uniquely positioned as a sports betting B2B provider with advanced expertise that’s rare in the US, and we’re excited to be on the ground floor with such a compelling player in the nascent legalised US market.”
The round continues a trend of betting providers raising new funds following the repeal of PASPA, with Sportradar raising new money, and Genius Sports being acquired by private equity buyers.