Novig raises $75M to expand federally regulated sports exchange

Novig has pulled in $75 million in fresh funding as it works to grow its sports trading platform and secure a clearer path to federal oversight.

The Series B round was led by Pantera Capital, with Multicoin Capital, Makers Fund and Edge Equity joining in. Existing investors Forerunner, Perceptive Ventures and NFX also participated. With this latest raise, the company’s total funding now tops $105 million.

The company previously closed an $18 million Series A round, which helped...