Second funding round success for analysis platform Bettingmetrics

Bettingmetrics, a bet-tracking and analysis online-based platform, has enabled users to read news, compare odds, place bets, as well as track and analyse betting performances.

The founders of Bettingmetrics have said that second-round funding will be used to hire more developers and marketing professionals to fuel growth.

Martin Grozev, Bettingmetrics’ co-founder, said: “I am exceptionally proud with our progress and the Bettingmetrics bet tracker and advanced analytics, a feature that exemplifies why we are the best sports betting portfolio management software on the market.

“With a clear vision to help users make more informed and data-driven betting decisions, we’ll be taking Bettingmetrics to the next level by enabling users to benefit from an AI algorithm that will analyse their results and provide them with a clear way to improve their betting performance.

“As a team, we are extremely ambitious and we are taking on consumer feedback, ready to develop new features consumers are asking for. On a personal level, as someone who bets, I have always dreamt of this feature and I am ready to make it happen.”

The team is to develop the platform further to add a feature to provide transparent odds comparisons that deliver the industry’s in-play comparison experience.

Furthermore, it is set to enhance its existing bet tracker, user experience and analytics to reach a stage where users will be able to receive betting suggestions on how to improve their performance based entirely on their unique betting data.

Reece Chowdhry, CEO and founder of RLC Ventures, added: “Bettingmetrics has built a truly world-class analytics and odds-checking platform.

“The team has demonstrated brilliant traction, growing their user base by 10-15 per cent per month and achieving solid growth in recurring revenue.

“We are excited to invest in this excellent team and their next stage of growth and product development to take them even further as market leaders.”