Betmate secures £1.6m Series A funding led by Accelerate Ventures
Accelerate Ventures led the Series A round to support the expansion of Betmate and Engage Games.
Betmate is a social gaming startup providing peer-to-peer sports experiences and daily fantasy sports. It also operates a business-to-business arm called Engage Games.
Social gaming startup Betmate has secured £1.6m in a Series A funding round led by Accelerate Ventures. The capital will support the growth of both Betmate and its business-to-business division, Engage Games, which provides white-label gaming solutions.
Founded in Liverpool, the company has established itself through peer-to-peer sports gaming and daily fantasy formats. The fresh funds will allow the team to expand its offerings and hire key personnel as it enters the new year following strong growth throughout 2024.
From the founder
"Kicking off 2025 with some incredible news: we’re closing our latest $2m funding round for Betmate and Engage Games, led by Accelerate Ventures, adding the latter were joined by world-class investors with backgrounds in sports, gaming, and betting."
Ryan Lawrence
Cofounder at Betmate
Investor perspective
"We are excited to work with and help Betmate to grow and build the next phase of their business, Engage Games, which provides white-labeled bespoke games for clients who want to better engage with their target audience."
Lucas Danson
Director, Accelerate Ventures
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Betmate
Betmate operates a social gaming platform for peer-to-peer sports betting and daily fantasy football.