Novig: The Zero-Fee Sports Exchange That's Trying to Turn Sports Betting Into a Financial Market

Two Harvard founders raised $75 million to build the exchange model that traditional sportsbooks don't want to exist.

Company Overview

Novig raised $75 million in a Series B round led by Pantera Capital in February 2026, with participation from Multicoin Capital, Makers Fund, Edge Equity, and existing investors Forerunner Ventures, NFX, and Perceptive Ventures. The raise brings total funding past $105 million. The company is valued at $500 million.

Plain English: Novig r…