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BetConnect secures expansion funding

BetConnect secures expansion funding

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BetConnect, the UK-based betting exchange operator, has secured new financing from an exciting group of international investors, with a view to accelerating domestic and international growth through the next 12 months. This funding round’s participants include sector specialist Tom Waterhouse, CIO of Waterhouse VC, Robin Chhabra, former CEO of Fox Bet, former Fox Bet Board Advisor and founder of Grand Parade, Andy Clerkson, Yolo Investments and a further re-investment from Candy Ventures.

Commenting on behalf of the group, Tom Waterhouse said: “BetConnect is at the forefront of a betting revolution that’s sweeping the industry,” said Tom Waterhouse. The Waterhouse VC Fund endeavours to generate capital growth by holding long-term strategic investments in companies that can reinvigorate tired thinking and disrupt the norm. The BetConnect model improves the experience for international customers and can be flexibly adapted to accommodate blockchain assets and the inherent crypto benefits of better margins, lower transaction costs and faster withdrawals.”

Yolo Investments’ Tim Heath added: “Yolo Investments has quickly gained a reputation as a natural home for early stage, high growth gaming businesses, and BetConnect absolutely fits the bill. The platform is already performing strongly in the UK and with the backing of some of the biggest names in the industry, BetConnect is ready to take the next step. We plan to work closely with the BetConnect team, leveraging the Yolo Investments network, to help them along the way.”

Robin Chhabra, who has also been appointed as Strategic Business Advisor, said that BetConnect offers a genuinely innovative product that has been stress-tested in the UK’s ultra-competitive marketplace. “This team offers a transformative vision and a super-agile platform which, combined with their ability to execute, sets BetConnect up for international expansion. For me, this investment constitutes an exciting strategic play in a company that has already laid the firm foundations to strike once exchange regulations do clearly coalesce across US States.”