All of the funds raised are committed by the supplier to help take advantage of the US Supreme Court’s decision to repeal the Professional and Amateur Sports Protection Act and the sports betting opportunities it has created.

New York-based RDA Ventures, an investment firm, led Metric Gaming’s series A funding.

The company is looking to establish itself as the “go-to” sportsbook platform and data services provider across these newly regulated US state sports betting markets.

Martin de Knijff, Metric Gaming Founder and CEO, said: “This investment will accelerate Metric Gaming’s plans to capitalise on the substantial market opportunities arising as states across the US continue to legalise sports betting.

“Metric’s B2B value proposition is backed by pedigree and expertise built on both sides of the Atlantic, and will enable operators to quickly and efficiently capture market share.”

David Broser, President of RDA Ventures, added: “The combination of Metric’s product suite, services and management talent made this an easy investment for us.

“Metric is uniquely positioned as a sports betting B2B provider with advanced expertise that’s rare in the US, and we’re excited to be on the ground floor with such a compelling player in the nascent legalized US market.”