Novig closes the series of $ 18 million per financing turn -

Novig, the peer prediction market, said a financing tour that has closed $ 18 million.

The main contributors to this investment series included the precursor, Y Combinator, NFX, Perceptive Ventures and Gmingels.

Novig announces an investment round of $ 18 million

The prediction market in America warms up with a list of contenders that allow bettors to take markets such as election results, weather conditions and a multitude of novelty bets. We reported the success that Kalshi and Polymarket had during this year and their legal battles to operate across America.

Novig is an exchange of sports books authorized to operate in forty American states and is gaining ground among prediction players. The format is similar to the exchanges of British and European sports books such as Betfair Exchange which offer events that trace the predictions of players against each other.

The platform, founded by Jacob Fortinsky and Kelechi Ukah, published on social networks on the historic financing tour.

@Novig I have just raised a series of $ 18 million per turn led by @precursor.

Here is how we have become the sports prediction market which is experiencing the fastest growth in America pic.twitter.com/nshsrwb8ec

– Jacob Fortinsky (@j__fort) August 11, 2025

How does Novig work?

Novig uses a format that involves two online brand currencies, Novig Cash and Novig Coins, used to participate in “Freemium” games, and can also be purchased for the competition and the commercial element of the site. According to the Novig site, the two currencies are coded by color.

Novig Cash, the blue currency, is “exchangeable for real prices in cash (USD) if your transactions win; subject to the game requirements ”. Novig Coins, the yellow currency, is “used exclusively for practice trading and cannot be exchanged for real currency”, according to articles published on Novig.

The future seems positive for the sports prediction platform

Since its public launch in September 2024, it has achieved its original monthly trading volume, which has increased quickly, and online currency is now 2 billion in NOVIG.

One of the investors, Fawzi Itani, director at Forerunner, said: “The Novig team brings the most sophisticated and nuanced perspective to the sports prediction markets. They not only deeply understand their target client, but build a more equitable system, community -oriented, rewarded and very fun. ”

Novig intends to develop with the new ITANI financing cycle and other investors. According to the press release, the company plans to add additional sports to the commercial element of the platform.

“With the new capital, Novig plans to extend the coverage to additional sports and deepen its presence on the existing markets. The company will also launch new features, in particular rankings, group competitions and head-to-head exchanges,” said the Novig press release.

He also seeks to support payments by debit and credit card, a web application and hire more bodies in his engineering, product and growth teams.

In addition to being the co-founder, Fortinsky works as the CEO of the prediction provider. He talked about the success of the platform, saying: “We think that users deserve a system that rewards skills, reflects the supply and real demand, and gives each fan a fair blow. We quickly became the n ° 1 market of sports prediction in the United States, and our organic growth talks about the strength of our product and the passion of our community. ”

Featured image: Official Novig.

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