FSB Technology completes £2.6m funding round for B2B betting focus

14 January 2014

Sports betting platform provider FSB Technology has announced the completion a £2.6 million round of funding led by Sportingbet founder Mark Blandford.

The investment will enable FSB to develop its pricing and trading platform for its B2B clients, the first of which is Gentingbet, the online betting offering of casino and poker operator Genting Alderney.

The company started out as a fantasy betting specialist in 2008 and was co-founded by David Mc Dowell (pictured) and Sam Lawrence. It will target mid-size igaming operators looking to move away from their legacy systems to a managed betting and CRM solution and media companies looking to offer sports betting products to their customers.

McDowell and Lawrence were co-founder and chief technology officer respectively of newly-listed GameAccount Network, whose chairman David O’Reilly also took part in the latest round of funding. He joins other high profile shareholders such as Andrew Black, co-founder of Betfair and Ladbrokes chief executive Richard Glynn as investors in FSB.

David McDowell, co-founder and chief executive of FSB, said: “This funding round is a great endorsement of both our team and our vision. There are a lot of companies stuck trading on legacy platforms and we are seeing a huge demand for modern technology and turnkey solutions.”