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November 12, 2024 - Deals
BetHog Raises $6 Million In Seed Funding Led By 6MV With Participation From Notable Investors
BetHog, a NYC-based cryptocurrency casino and sportsbook, raised $6M in Seed funding led by 6MV, with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and notable angel investors Chris Grove and Josh Hannah. Founded by Nigel Eccles and Rob Jones, the company is developed by the creators of FanDuel and offers a range of exclusive casino and skill games such as HODL (Crash for meme coins) and Thermonuclear Boars (Mines). BetHog enables online betting through cryptocurrencies like Bitcoin, Ethereum, Solana, and USDT. The funds will help scale the business through strategic partnerships and product development while expanding into global markets with some jurisdictional restrictions.
INVESTORS: 6MV, Will Ventures, Bullpen Capital, Karatage, Advancit Capital, Chris Grove & Josh Hannah
ROUND: Seed
AMOUNT: $6,000,000
HQ: #NewYorkCity
#VentureCapital #BetHog #NigelEccles #RobJones #6MV #WillVentures #BullpenCapital #Karatage #AdvancitCapital #ChrisGrove #JoshHannah #TradedVC
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Ferrero Acquires Purely Elizabeth For Estimated $850 MillionPurely Elizabeth started with homemade muffins and a $5,000 bet from founder Elizabeth Stein. More than a decade later, the better-for-you food brand has grown to 30,000+ stores and is being acquired by Ferrero for an estimated $850M+.
Stein built the company slowly, waiting years before raising outside capital and expanding from Whole Foods into Target and Walmart. Now, she’ll remain CEO as Purely Elizabeth enters its next chapter under Ferrero.
A founder-led food brand, built without rushing the process.
#VentureCapital #PurelyElizabeth #ElizabethStein #CPG #TradedVC
NVent Electric Acquires Maverick Power For $1.75 Billion To Enhance Power InfrastructurenVent Electric has agreed to acquire Maverick Power for $1.75 billion, with up to $550 million in additional performance-based consideration, as it expands its power infrastructure capabilities to meet rising AI data center demand. The McKinney, Texas-based manufacturer of engineered power distribution solutions, which is expected to generate about $700 million in revenue this year, will strengthen nVent’s offerings across switchgear, switchboards, and modular solutions; nVent CEO Beth Wozniak said the deal will enhance the company’s ability to serve data center customers.
SALE PRICE: $1,750,000,000
HQ: St. Louis Park, Minnesota
#VentureCapital #nVentElectric #MaverickPower #TradedVC