Online sportsbook start-up raises $10 million in series A funding

Las Vegas-based online sportsbook and real-time data services start-up Metric Gaming reports that it has secured $10 million in a series A funding round.

CEO Martin de Knijff founded the company in 2013 with the goal of becoming a top developer of sports betting proprietary products and platform provisioning.

“Metric’s B2B value proposition – a turnkey, mobile-optimized solution that includes the transaction platform, front-end, trading, operations, risk management, product and unique content – is backed by pedigree and expertise built on both sides of the Atlantic, and will enable operators to quickly and efficiently capture market share,” he said

The funding round was managed by the New York RDA Ventures fund, and its completion is in synch with the newly liberalised US sports betting market and the growing interest of individual states in regulating and taxing the activity.

David Broser, president of RDA Ventures, said, “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 U.S., and we’re excited to be on the ground floor with such a compelling player in the nascent legalized U.S. market.”

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