{"id":126287,"date":"2022-08-17T13:24:49","date_gmt":"2022-08-17T12:24:49","guid":{"rendered":"https:\/\/esportsinsider.com\/?p=126287"},"modified":"2022-08-17T13:24:50","modified_gmt":"2022-08-17T12:24:50","slug":"oddin-gg-raises-4-5m-in-series-a-financing-round","status":"publish","type":"post","link":"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round","title":{"rendered":"Oddin.gg raises $4.5m in Series A financing round"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"535\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-large.png\" alt=\"\" class=\"wp-image-126295\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover-1536x802.png 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image credit: Oddin.gg<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d9275e9078b\" class=\"esi-paragraph \">\n    \n<p>Esports betting odds provider <strong>Oddin.gg <\/strong>has raised $4.5m (\u00a33.7m) through its Series A funding round.<\/p>\n\n  <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9275e9126f\" class=\"esi-paragraph \">\n    \n<p>The funding round, led by current investors as well as Genting Ventures and Velo Partners, will be used to scale the company further and develop &#8216;new verticals&#8217;.<\/p>\n\n  <\/div>\n\n\n<div class=\"keep-reading \"  id=\"kr-67d9275e91def\">\n  <div class=\"heading\">Keep Reading<\/div>\n  <ul class=\"d-flex flex-column\">\n          <li id=\"post-124441\" style=\"order: 1;\"><a href=\"https:\/\/esportsinsider.com\/2022\/07\/oddin-gg-partners-with-crypto-casino-duelbits\" target=\"_blank\">Oddin.gg partners with crypto casino Duelbits to bolster esports sportsbook offering<\/a><\/li>\n          <li id=\"post-121050\" style=\"order: 2;\"><a href=\"https:\/\/esportsinsider.com\/2022\/04\/oddin-gg-acquires-esports-marketing-agency-thousand-lives\" target=\"_blank\">Oddin.gg acquires esports marketing agency Thousand Lives<\/a><\/li>\n          <li id=\"post-81760\" style=\"order: 3;\"><a href=\"https:\/\/esportsinsider.com\/2022\/04\/oddin-gg-enters-strategic-partnership-with-sb22\" target=\"_blank\">Oddin.gg enters strategic partnership with SB22<\/a><\/li>\n      <\/ul>\n<\/div>\n\n\n<div id=\"esi-paragraph-67d9275e92b7d\" class=\"esi-paragraph \">\n    \n<p>Apart from strengthening its team, the funds will be used to improve Oddin.gg&#8217;s portfolio of services. According to the company, this means providing betting operators with &#8220;everything they need to set up successful business operations&#8221;. This includes data visualisations, marketing, odds feed, risk management and iFrame solutions. <\/p>\n\n  <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9275e9339c\" class=\"esi-paragraph \">\n    \n<p>The marketing aspect will be made possible following Oddin.gg&#8217;s<a href=\"https:\/\/esportsinsider.com\/2022\/04\/oddin-gg-acquires-esports-marketing-agency-thousand-lives\" target=\"_blank\" rel=\"noreferrer noopener\"> acquisition of Thousand Lives, an esports marketing agency, <\/a>earlier this year. <\/p>\n\n  <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9275e93b63\" class=\"esi-paragraph \">\n    \n<p>Oddin.gg is primarily known for providing esports odds feeds, risk management and iFrame solutions to betting operators. The company recently secured a string of partnerships with the likes of Betway and LOOT.BET, and is now seeking to further improve its offerings with the help of the Series A round. Oddin.gg received a seed round in 2020 worth $1.2m (\u00a31m) which was used to expand the team and scale operations.<\/p>\n\n  <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9275e9434c\" class=\"esi-paragraph \">\n    \n<p>Oddin.gg also shared in a release that the company broke even in July 2022. <\/p>\n\n  <\/div>\n\n\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/esportsinsider.com\/events\/esi-london-2022\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/07\/ESILONDON-GENERAL-1024x512px-3.png\" alt=\"esi london 2022\" class=\"wp-image-124907\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/07\/ESILONDON-GENERAL-1024x512px-3.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/07\/ESILONDON-GENERAL-1024x512px-3-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/07\/ESILONDON-GENERAL-1024x512px-3-medium_large.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>ESI&#8217;s flagship conference is coming back to London in September. To buy a ticket or find out more, <a href=\"https:\/\/esportsinsider.com\/events\/esi-london-2022\" target=\"_blank\" rel=\"noreferrer noopener\">click here.<\/a><\/figcaption><\/figure>\n\n\n\n\n<div id=\"esi-paragraph-67d9275e94f17\" class=\"esi-paragraph \">\n    \n<p>Oddin.gg&#8217;s two new investors are Velo Partners, an early-stage VC fund, and Gentig Ventures, the corporate venture arm of Genting Group, one of the most known casino operators in Asia. <\/p>\n\n  <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d9275e956f0\" class=\"esi-paragraph \">\n    \n<p><strong>Oddin.gg Co-Founder and CEO Vlastimil Venclik<\/strong>\u00a0commented:\u00a0\u201cThis round will help us to continue enjoying our exponential growth and development of new services that will cement our position as a leader in the industry. I want to thank all our partners for their trust, and we will work tirelessly on our vision to justify it!\u201d. <\/p>\n\n  <\/div>\n\n\n\n\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>Image credit: Oddin.gg Esports betting odds provider Oddin.gg has raised $4.5m (\u00a33.7m) through its Series A funding round. The funding round, led by current investors as well as Genting Ventures and Velo Partners, will be used to scale the company further and develop &#8216;new verticals&#8217;. Apart from strengthening its team, the funds will be used &hellip; <a href=\"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round\">Continued<\/a><\/p>\n","protected":false},"author":85,"featured_media":126295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","esi_template":"default","excluded":false,"footnotes":""},"categories":[63,87,239,5283,106],"tags":[7443],"class_list":["post-126287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial","category-gambling","category-europe","category-investments","category-latest-news","tag-oddin-gg"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oddin.gg raises $4.5m in Series A financing round<\/title>\n<meta name=\"description\" content=\"Oddin.gg has raised $4.5m in a Series A round to further scale operations and improve its offerings in the betting space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oddin.gg raises $4.5m in Series A financing round\" \/>\n<meta property=\"og:description\" content=\"Oddin.gg has raised $4.5m in a Series A round to further scale operations and improve its offerings in the betting space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round\" \/>\n<meta property=\"og:site_name\" content=\"Esports Insider\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/spacenjoka\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-17T12:24:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-17T12:24:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1003\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ivan \u0160imi\u0107\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/space_njoka\" \/>\n<meta name=\"twitter:site\" content=\"@esportsinsider\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ivan \u0160imi\u0107\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round#article\",\"isPartOf\":{\"@id\":\"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round\"},\"author\":{\"name\":\"Ivan \u0160imi\u0107\",\"@id\":\"https:\/\/esportsinsider.com\/#\/schema\/person\/7f9b6f387a107d7396b5d78c63885a0b\"},\"headline\":\"Oddin.gg raises $4.5m in Series A financing round\",\"datePublished\":\"2022-08-17T12:24:49+00:00\",\"dateModified\":\"2022-08-17T12:24:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round\"},\"wordCount\":321,\"publisher\":{\"@id\":\"https:\/\/esportsinsider.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/esportsinsider.com\/2022\/08\/oddin-gg-raises-4-5m-in-series-a-financing-round#primaryimage\"},\"thumbnailUrl\":\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2022\/08\/cover.png\",\"keywords\":[\"Oddin.gg\"],\"articleSection\":[\"Commercial\",\"Esports Betting &amp; 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