Beta Lab leads extended $5.5mn Pre-Series A round for TradingLeagues

NOHA.GAD
Feb 27, 2024

Riyadh - Sharikat Mubasher: Saudi deep tech venture capital firm Beta Lab led an extended $5.5 million pre-Series A funding round for TradingLeagues, a global gaming platform for financial markets, a recent statement revealed.

This step highlights Beta Lab’s dedication to expanding its presence in strategic markets and underscores the advantageous landscape that its operations provide for business development and growth in the Kingdom.

TradingLeagues platform introduces a unique gamified offering as it enables users to embark on their financial journeys by immersing themselves in an engaging environment where they play games involving real-time prices of stocks, cryptocurrencies, and forex, away from traditional models employed by brokers and crypto exchanges.

Harsh Agarwal, CPO and Co-founder of TradingLeagues, stated that the platform aims to empower a global community of retail investors and traders, irrespective of their financial backgrounds, by democratizing access to financial markets.

TradingLeagues’ future plans include enhancing the product’s features and user experience by integrating fiat-based deposits and introducing new tokens, products, and game formats.

In 2023, TradingLeagues secured $3.5 million in a pre-Series A round led by Leo Capital, along with Jeejeebhoy Family Office and the family office of KP Balaraj.


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