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Investors rush in as Oddin.gg sets sights on global esports betting takeover

BBG News

This investment confirms our long-term aspirations and solidifies our standing as a prominent figure in the international esports betting market.

On the heels of securing fresh funding, Odin.gg is set to expand its presence worldwide and enhance its esports wagering technology. Consequently, users can look forward to quicker tools, novel functionalities, broader market exposure, and additional benefits. Presently, the company proudly maintains an uptime rate exceeding 80%, offers real-time updates on esports events, and provides a user-friendly control panel that empowers users with oversight and management of their esports activities.

Oddin.gg secures key esports betting investment

In a recent development, venture capital firm J&T Ventures, located in Prague, Czech Republic, spearheaded an investment round for Oddin.gg. This initiative was backed by other investment companies like Rockaway X and Naše Česko, BD Partners. As per the official statement, this new funding round is intended to aid Oddin.gg in its global expansion. It will also empower the company to penetrate fresh regulated markets and fortify its esports betting technology.

Roman Nováček, the investment manager, headed the group that purchased a smaller portion of ownership in Oddin.gg. He revealed that he initially supported the business six years ago, even when others dismissed its potential. Furthermore, Nováček emphasized that this fresh investment would prolong his long-term alliance with the company.

He stated, “The faith I had in it was confirmed by its results, and this latest deal solidifies an ongoing alliance. I’m certain that via our fresh investment vehicle, we’ll discover and nurture even more remarkable possibilities similar to this one.

David Polach, a partner at J&T Ventures, also voiced his opinions on investing in esports betting. He commended Oddin.gg for their advanced technology and strategic approach. Moreover, he expressed enthusiasm over the company’s expansion into various sectors and their robust market standing.

The growth of esports betting

As per Nováček’s LinkedIn post, Oddin.gg saw a staggering 7,958% increase in revenue from 2020 to 2023. In fact, they were honored with Deloitte’s Technology Fast 50 Award in the year 2024. The world of esports betting has been on an impressive upswing, with industry experts predicting that it will surpass a value of $20 billion by the year 2027.

Consequently, as reported by Odin.gg and Startup Kitchen, there’s been a surge in interest from younger demographics and the legalization of betting in numerous countries has driven demand for innovative solutions. However, conventional sportsbooks are grappling with a significant hurdle: the absence of dedicated esports infrastructure.

On Oddin.gg, they’ve designed a business-to-business (B2B) platform that enables operators to swiftly enter the esports market, bypassing the need for extensive internal development. This platform offers essential features like auto-generated odds, user interfaces, automated risk management systems, and engagement tools. Major betting companies such as Betway and Betsson are already utilizing their services.

This investment endorses our long-term outlook and establishes Oddin.gg as a prominent player in global esports betting,” Vlastimil Venclík, CEO and co-founder of Oddin.gg stated. “It propels us towards achieving our upcoming objectives, and we’re thrilled to embark on this journey with knowledgeable, seasoned partners.

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2025-06-19 22:41

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