Kero Gaming has secured a further $3m (£2.2m) capital injection via a Series A funding round led by SIG Sports Investments Corp.
SIG Sports, which forms part of the Susquehanna International Group of Companies, was joined in the round by existing Kero Gaming investors such as Eberg Capital and Sharp Alpha Advisors.
Chicago Trading Company, Avenue H Capital and Yolo Investments also all returned, pledging further funds to support the micro-betting supplier’s growth strategy.
The Miami-based firm said it would use the new capital to rapidly expand the business, with expansion efforts both in Europe and the US on the agenda.
Kero Gaming was founded in 2020 and received a $1m seed funding round boost in March 2022 before snapping up a further $2m in backing later the same year in November.
Early investors included HappyHour, Cardinal Sports Capital and iGaming Ideas, as well as Sharp Alpha Advisors and Avenue H Capital.
Last July, the business announced yet another $2m funding round, as well as securing partnerships with Caesars Entertaiment, Flutter’s MaxBet and integration deals with fellow suppliers Bragg Gaming Group and EveryMatrix.
Tomash Devenishek, Kero Gaming CEO and founder, said: “This funding round marks a significant milestone for Kero as we enter a phase of accelerated growth.
“With SIG Sports’ lead investment and board participation, we’re well-equipped to ensure that the industry has a long-term, trusted provider delivering robust offerings that meet the evolving demands of operators worldwide.”
Joe Grubb, SIG Sports vice-president, said: “Kero Gaming has demonstrated exceptional growth and innovation in the micro-betting space.
“We’re excited to deepen our partnership and support their mission to lead this exciting capability in oddsmaking for one of the highest growth categories within sports entertainment.”
The post Kero Gaming nets $3m via Series A funding round first appeared on EGR Intel.
Micro-betting supplier receives further backing from investors, with latest raise led by SIG Sports and featuring a host of early backers of the business
The post Kero Gaming nets $3m via Series A funding round first appeared on EGR Intel.