4 years ago

Smarkets Secures Series B Funding to Expand Globally

  • Smarkets, a London-based provider of a betting exchange and prediction market platform, has raised an undisclosed Series B funding round led by Susquehanna Growth Equity (SGE)

  • The company plans to use the funds to accelerate its rollout in the US, bolster SBK's position in the UK mainstream betting market, and expand its reach in European countries

  • Smarkets operates two main products – the Smarkets exchange and SBK, a sportsbook app

  • The company has offices in London, Los Angeles, and Malta, and licensed customer-focused operations in five countries.

      • ProblemFinancial Services

      "making betting more transparent and accessible to both bookmakers and bettors"

      Solution

      "a betting exchange and prediction market platform that allows users to create and trade on their own odds and allows bookmakers to access a broader range of customers"

      Covered on