ALT Sports Data, an operator of a proprietary trading platform for alternative sports, has secured $5 million in funding.
The funding, led by Relay Ventures and Eberg Capital, will be used to expand ALT Sports Data's platform, NXTbets.
NXTbets offers real-time odds and pricing, pre-match and live odds services, and in-play betting markets for alternative sports such as skateboarding, surfing, and motocross.
The funding will also be used to scale internal operations, improve data infrastructure, and forge new partnerships with sports leagues and sportsbooks.