According to ChainCatcher news, the crypto gambling platform BetHog has completed a $6 million seed round, led by 6MV, with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several angel investors including Eilers & Krejcik, LLC honorary partner Chris Grove and Flutter Entertainment co-founder Josh Hannah.
The company was founded by tech entrepreneurs Nigel Eccles and Rob Jones, who co-founded FanDuel in 2009. FanDuel is a leader in the US sports betting market, with a 42% market share in 2022.
BetHog is built on Solana, with SOL as the support token for its PvP games. BetHog will also accept Bitcoin, ETH, and USDT in its other games. After the initial funding round, BetHog will prioritize product development and expand its business through strategic partnerships. The company currently has 10 employees.
