Rivalry Raises US$20M in Funding

– Rivalry, a Toronto, Canada-based internationally-regulated sports betting and media property, raised US$20m in funding.
– The round was led by institutional investors from Canada, the United States, the European Union, and a major gaming operator.
– The company intends to use the funds to scale its operations and country licencing program.
– They plan to pursue a potential going public transaction which it expects to complete this year.