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[Funding News] TN-based SoBet Secures $3.7Million in Initial Funding

SoBet, a company that offers a platform for sports betting creators, raises $3.7 million in seed money. Third Kind Venture Capital led the round.

SoBet, a company that offers a platform for sports betting creators, raises $3.7 million in seed money. Third Kind Venture Capital led the round.

The money will be used by the business to employ personnel with a concentration on growth marketing, UX design, and product development. Under the direction of its founder and CEO, Cooper Lycan, SoBet offers a platform that uses material from over fifty independent producers to encourage community building, transparency, and fan interaction within the media ecosystem.

Read also – [FUNDING NEWS] CA-based Lamini Secures $25Million in Seed and Series A Round Funding

Thanks to its community-driven approach, the site can publish around 5,000 posts a month, covering everything from transparent picks and in-depth game analysis to more entertainment-focused material. This enables it to reach over 10 million users and provide them with readily assimilated betting knowledge.

Cooper Lycan said: “By changing the way next-gen fans fundamentally engage with sports betting, SoBet aims to become a sustainable platform that will condition healthier habits, allow users to monetize their expert insights, and simultaneously provide a top-tier entertainment experience that cannot be replicated.”

About SoBet

SoBet is a media platform for sports betting. In order to assist the upcoming generation of sports bettors in making better selections, they share and supply independent specialists’ material related to sports betting. It facilitates the exchange of information and improves the fan experience by providing knowledgeable content in ways that are simple to understand. SoBet envisions a betting environment that is more involved, transparent, and healthy.

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