Sportsbook platform and data service provider, Metric Gaming, has completed a $10m funding round to help establish a foothold in the US gaming market.
The supplier has said that it is committed to using the funds raised to help take advantage of the PASPA repeal and the sports betting opportunities it has created.
The company’s Series A funding round was led by RDA Ventures LLC, who will join Metric Gaming’s board of directors, extra funding came from existing investors.
Metric hopes that this move will help establish itself as the “go-to sportsbook platform and data provider” in the US market.
Martin de Knijff, Founder and CEO of Metric Gaming, said: “This investment will accelerate Metric Gaming’s plans to capitalize on the substantial market opportunities arising as states across the US continue to legalize sports betting.”
David Broser, President of RDA Ventures, added: “The combination of Metric’s product suite, services and management talent made this an easy investment for us.
“Metric is uniquely positioned as a sports betting B2B provider with advanced expertise that’s rare in the US, and we’re excited to be on the ground floor with such a compelling player in the nascent legalized US market.”