Novig, a commission-free sports betting exchange, raised $6.4M in Seed funding.
The round was led by Lux Capital with participation from Y Combinator, Paul Graham, Joe Montana, Soma Capital, Innospark Ventures, Rebel Fund, Bayhouse Capital, Arash Ferdowsi (Dropbox), Austen Allred, Alan Rutledge, Ravi Sheth, Archon Capital, Palm Drive Capital, TRAC, True Culture Fund, CapitalX, and others.
The company plans to use the funds to expand operations and its business reach. Novig is a high-frequency, commission-free sports betting exchange that enables users to bet directly against friends or the market, rather than the house.
In advance of its launch in Colorado this October, Novig has entered a 10-year partnership with Full House Resorts and its Bronco Billy’s Casino property in Cripple Creek, CO. The platform will offer NFL, NBA and MLB betting upon launch, with Moneyline, Point Spread, Game Totals, and Team Futures markets available both pre-game and in-game.
Novig is a commission-free sports betting exchange.
The company raised $6.4M in Seed funding led by Lux Capital.
The funds will be used to expand operations and business reach.
Novig enables users to bet directly against friends or the market, rather than the house.
The platform will launch in Colorado this October.
NFL, NBA and MLB betting will be available upon launch.
Moneyline, Point Spread, Game Totals, and Team Futures markets will be available both pre-game and in-game.
