Today, Betable, the only platform that enables developers to legally offer real-money play in their own games, announced that it has raised new venture capital funding to support its plan to build the future of real-money play.

Licensed by the United Kingdom Gambling Commission and certified by industry leading 3rd party testing houses, Betable's platform removes massive barriers to entry for game developers including years of complicated legal issues, compliance challenges and millions of dollars of licensing fees. Through its API, developers can use Betable's game engine to build real-money mechanics and integrate them easily into new or existing games.

'Betable is the only way for game developers to legally offer real-money play without spending millions of dollars on licenses or relinquishing control of their own games,' said Christopher Griffin, Founder & CEO of Betable. 'This funding enables us to grow our team, introduce new features and support developers who are building on our platform. Our goal is to remove all of the obstacles that impede developers from offering real-money play, so that they can focus on what they do best: building great games.'

Venture51 led the investment, Betable's second round of equity financing, with additional funding from existing investors including Greylock and Founders Fund.

'Some of the largest exits in the technology sector have come from companies that disrupted regulated markets, such as PayPal and Skype,' said Ryan Swagar, Managing Partner, Venture51. 'Betable will follow in their footsteps by bringing massive change to one of the largest industries in the world-the $500 billion real-money gaming market. Chris has pulled together one of the most impressive early stage teams we have ever seen- we feel confident in their ability to disrupt this market.'

'Our primary reason for making this investment is a bet on Chris,' said Brian Singerman, Partner, Founders Fund. 'Nothing matters more than the entrepreneurs in early stage investments, and we have tremendous faith in Chris and his ability to transform the gaming market.'

Betable will use the money to expand its team and enable new geographies for its partners. The company is hiring, interested candidates should visit http://betable.theresumator.com/.

About Betable

Betable (https://developers.betable.com), the world's only real-money gaming platform, is reinventing entertainment by merging the worlds of gaming and real-money play. Betable provides the license, support and infrastructure that allow developers to legally integrate real-money gaming into their own mobile and social games. Betable is dedicated to providing players with world-leading security, player location and identity verification to keep their funds safe and to ensure responsible gaming. The company is privately held, licensed by the United Kingdom Gambling Commission, headquartered in London, England with an office in San Francisco, USA.

About Venture51

Venture51 (http://www.venture51.com/) is an early stage venture capital firm. The firm invests in high technology companies and is based on the premise for a new, modern venture capital firm that supports the most promising founders in high-growth markets. The firm brings their own entrepreneurial experience, relationships, and marketing/ product expertise to the table. They look to back passionate, experienced entrepreneurs who are focused on creating highly scalable technologies and significant value propositions for their customers.