Compliance software provider Compliant Completed a $ 3.6 million seed extension round led Better CapitalAllows Suplier to further enhance its platform and expand its range of products and services for real-money game operators.
Bettor Capital’s investment will be the second round of funding in the past year, following the $ 1.7 million seed funding secured in a round led by Chicago-based KB Partners.
In parallel with the funding announcement, Compliable Karl Sotto Santi, Better Capital’s fund advisor, former Penn National Gaming general counsel, and attended the board of directors.
The company will use its new capital to accelerate the delivery of key features and features, promoting and speeding up launches as sports betting and igamming continue to grow rapidly across the United States. Compliable can also expand your executive team. Justin Stempek, Formerly DraftKings License Director and Chief Strategy Officer.
CEO Chris Orthia “After discussions with customers, prospects, regulatory agencies, and industry contacts, it became clear that our solution was needed in a timely manner, and expanding our engineering team was essential to meet many feature requirements. It turned out to be.
“In addition, by helping Justin navigate the compliance situation, we are in a position to grow exponentially next year. We will also provide a real-money gaming experience and software supply within the industry. We are pleased to partner with Bettor Capital, which focuses on the chain. “
David Van Egmond, Founder and CEO of Bettor Capital, said:
“Since I was an executive at FanDuel, I’ve known directly how important and resource-intensive it is to comply with different game regulations in each state. Compliable technology facilitates this process and makes it easier for businesses. Save money. We believe this is a long-term value proposition for software vendors for exciting growth industries. “
Compliable completes $ 3.6 million seed expansion led by Bettor Capital
Source link Compliable completes $ 3.6 million seed expansion led by Bettor Capital