Does Jake Paul Own Betr, a Betting App Valued at $375 Million After Raising $15 Million in Funds?

Jake Paul‘s knockout power extends beyond the ring! His betting startup, Betr, has landed a lucrative deal at a whopping $375 million valuation. Launched in 2022 with Simplebet co-founder Joey Levy, Betr is swinging for the fences. But Betr isn’t just about the money.

They’re also building a champion team. Industry veterans Dan Maas (media revenue) and Andrew Winchell (government affairs) are joining the fight. With a knockout valuation and a powerhouse team, Betr is already taking the sports betting world by storm. Let’s know more about his company.

Jake Paul hits jackpot

Jake Paul’s sports betting startup, Betr, just landed a $15 million sucker punch of an investment, bringing their total funding to a whopping $100 million. This latest round, led by Harmony Partners and 10X Capital, adds to the already impressive backing from Fuel Venture Capital, Aliya Capital Partners, and Eberg Capital. Betr is a heavyweight contender in the eyes of investors. Jake Paul’s sports betting startup continues to rack up wins.

Tampa-based venture firm Florida Funders just landed another punch, marking their fifth investment in Betr. About this, Joey Levy said, “Jake [Paul] and I co-founded Betr just over two years ago, so raising capital from leading growth stage investors at a US$375 million valuation in the very early days of our business is a testament to the performance of the team and business to date, and the potential we have to build a category-defining business with Betr.”

Alongside Florida Funders, TampaBay.Ventures has also invested in the Betr app. And about Paul’s company, TampaBay.Ventures general partner Andreas Calabrese said, “The two venture capital firms based here have participated in one of the fastest-growing companies in the sports vertical ever,” Calabrese said. “While the startup itself is not necessarily based here, it’s still an incredible mark of progress for our venture capital community.”

Read More: Ryan Garcia Reveals Only Way Jake Paul Can Win Against 57-Year-Old Mike Tyson

As for Jake Paul’s ownership stake, the exact percentage he holds after this latest capital infusion is not explicitly disclosed. However, given his co-founding role and the company’s valuation, it’s safe to assume that he maintains a significant interest in Betr.

This repeat investment speaks volumes about Betr’s execution and potential to disrupt the industry, according to Saxon Baum, Florida Funders’ director of business development. So, Paul’s company is taking it to the higher levels. What are your thoughts about this? Let us know in the comments section.

Also Read: Boxing Rumors: Jake Paul vs. Mike Tyson to Witness Upwards 65,000 in Attendance at AT&T Stadium