Investor syndicate closes new funding round for Oddin.gg

Oddin.gg, a B2B provider of esports betting solutions, has secured a fresh round of investments led by investment manager Roman Nováček.

The syndicate includes JT Ventures, Rockaway X, Nase Cesko, BD Partners and several private investors.

This latest funding round, valued in the hundreds of millions, marks a significant milestone in Oddin.gg’s rapid global expansion and technological innovation within the esports betting sector.

Founded in 2018 and headquartered in Prague, Oddin.gg has established itself as a key player in the esports betting ecosystem.

The company offers a comprehensive suite of services, including real-time odds feeds, risk management, iFrame solutions, widgets, live esports data, and advanced betting services.

Oddin.gg’s technology is utilised by major sportsbook operators worldwide, such as Betsson, Betway, Yolo Group, Stake and OpenBet, supporting its growth in the fast-evolving esports betting market.

Oddin.gg’s recent achievements include being named the fastest-growing tech company in Central Europe at the 2024 Deloitte Technology Fast 50 Awards.

The company’s growth is attributed to its focus on core infrastructure, such as odds feeds and risk management, which deliver consistent margins and volume for its partners.

Additional functionalities, including data visualisations and betting streams, enhance engagement but are built on top of this robust foundation.

The new investment will support Oddin.gg’s ongoing international expansion, product development and acquisition of additional gaming licenses, particularly in North America and Asia.

The company is currently licensed in several U.S. states, including New Jersey, Colorado, West Virginia, Ohio and Arizona. It has recently expanded into the Vietnamese market through a partnership with CVB, the sole holder of an esports gambling license in Vietnam.

Oddin.gg’s platform leverages proprietary technology and machine learning algorithms to maximize profitability and manage risk for its clients.

The company also employs a robust fraud detection system and offers customizable solutions for bookmakers, allowing them to tailor offerings and manage liability according to their needs.

This latest funding round follows earlier successful investment phases, including a $4.5 million Series A round in 2022, which helped reinforce Oddin.gg’s position in the global esports betting market.

The continued support from investors underscores confidence in Oddin.gg’s growth trajectory and its role in shaping the future of esports betting worldwide.