Crypto Casino and Sportsbook BetHog Launches with $6M Seed Funding
BetHog, a fresh cryptocurrency casino and sportsbook from the founders of FanDuel has successfully conducted its Alpha launch. The company announced it has raised $6 million in seed funding. The round was led by investing firm 6MV, with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and other prominent investors, boding well for its chances of success.
The Platform Is Already Available Worldwide
Founded by tech entrepreneurs and FanDuel co-founders Nigel Eccles and Rob Jones, this new platform tries to make crypto gaming fresh and immersive. Designed as a trusted brand for crypto users, BetHog offers a suite of casino and sports betting features. The company has a selection of original games bolstered by popular titles from leading studios such as Pragmatic and Evolution.
Built on the Solana blockchain, BetHog uses SOL as the primary token in its PvP games but also supports Bitcoin, Ethereum, and USDT in other titles. Nigel Eccles, co-founder and CEO of BetHog, noted that this new project took advantage of the rapidly evolving crypto casino market, featuring new trends like provably fair games, VIP programs, and streaming.
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, BetHog CEOÂ
BetHog is now available to most of the world, with some regional restrictions. The operator aims to make waves in the crypto casino space, a market that has seen tremendous growth lately, powered by blockchain innovation and the rise of provably fair gaming models. Eccles hoped BetHogâs unique and highly visual games would help the company achieve lasting success.
BetHog Relies on Innovative and Appealing Offerings
The new influx of capital will aid BetHog in its goal to prioritize investment in product development and scale its business through strategic partnerships. The platform aims to build on the experience and trust of its founders to provide a secure, entertaining, and fair environment for its users.
Serge Kassardjian, general partner at 6MV, was optimistic regarding BetHogâs chances to make an impact on the crypto gambling scene. He touted the company as the most innovative online casino and betting platform of this era of crypto and noted that the strategic investment could unlock significant opportunities.
We believe this will bring in a diverse audience of crypto and non-crypto gamers to enjoy this differentiated and fun gambling experience.
Serge Kassardjian, 6MV general partner
The announcement coincides with surging interest in crypto gambling. In May, MyPrize, a competitor in the space, launched its international platform and reported a user base of over 150,000 across international and US markets, highlighting the growing appetite for crypto-integrated gambling experiences. As BetHog enters this sector, its innovative approach and forward-facing vision will be put to the test.
