Betable Raises New Funds

IGaming start-up Betable has confirmed that it has raised new fund for its real money gaming platform. Early stage investment has been granted to Betable by venture capital company Venture51. Early investment reports state that funding has been secured around a $20 million  (€11.5m) benchmark for the San Francisco based start-up

Betable are set to release new products and services in the coming months. The company made its entry into ‘Real Money Gaming’ in 2012. The new investment provided by Venture51, values the start up at $80m-100m.

Betable provides the license, support and infrastructure that allow developers to legally integrate real-money gaming into their mobile and social games and applications. Betable is dedicated to providing players with world-leading security, player location and identity verification to keep their funds safe and to ensure responsible gaming. The company is privately held and is head quartered in London, England with an office in San Francisco, California. View profile on Crunchbase