US-based sports data provider SportsMedia Technology has invested in sports betting platform provider FSB Technology.
The seven-figure sum will allow FSB to further enhance its platform, which boasts tools for analytics and mobile development.
In addition, the new relationship with SMT will allow FSB to provide its products and services to a growing number of media companies and sports rights holders for whom sportsbook provision is of increasing interest.
FSB's CEO and co-founder Dave McDowell said: "SMT's investment equips us with the capital to directly compete against the industry's largest sports betting suppliers, as well as delivering a great opportunity to provide our products to their extensive list of contacts.
"We are very excited about the potential this has for our ability to grow the business globally and supply an even better service to our existing clients and our future clients."
