BetHog, a new cryptocurrency casino and sportsbook, announced its public launch with $6 million in seed funding led by 6MV with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several angel investors including Chris Grove, Partner Emeritus at Eilers & Krejcik, LLC; and Josh Hannah, co-founder of Flutter Entertainment. BetHog will seek to prioritize investment in product development while scaling the business via strategic partnerships with this first round of funding.
The platform was founded by Nigel Eccles and Rob Jones, serial tech entrepreneurs and co-founders of sportsbook FanDuel. It offers a variety of casino games, including exclusive BetHog Originals and content from studios such as Pragmatic and Evolution.
BetHog Originals include variants of crash and mines, and a “completely new approach” to player-versus-player games. “These games include a first-of-its-kind feature that allows consumers to play alongside their favorite streamers,” the company said.
Nigel Eccles, Co-founder & CEO of BetHog, said: “The crypto casino market has seen dramatic growth over the past few years driven by innovations like provably fair games, robust VIP programs, and streaming.”
“With BetHog, my goal is to innovate even further by bringing unique and highly visual games to market. I want to offer users unique play-along and skill-based titles, combined with a robust VIP offering, but most of all, this is about maximizing fun for our users!”
Nigel Eccles
The BetHog casino is built on Solana with SOL being the supporting token for their PvP titles. In addition, BetHog also accepts Bitcoin, Ethereum, and USDT on their other titles. It is now available globally with a number of jurisdictional restrictions, including the USA and the UK.
“We are thrilled to be backing Nigel and the entire team at BetHog on this investment,” stated Serge Kassardjian, General Partner at 6MV. “We think they are perfectly positioned to unlock this massive opportunity to build the most innovative online casino and betting platform of this era of crypto. We believe this will bring in a diverse audience of crypto and non-crypto gamers to enjoy this differentiated and fun gambling experience.”
Original article: https://www.yogonet.com/international/noticias/2024/11/13/85175-fanduel-cofounders-launch-crypto-casino-and-sportsbook-bethog-secure-6m-seed-round
