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Fortune
Fortune
Catherine McGrath

Monkey Tilt raises $30 million in push to make online gambling more social

(Credit: Sina Schuldt/picture alliance—Getty Images)

Online gambling used to be a solitary activity, one person sitting in front of a screen hoping to land on red. But as companies like Stake.com, FanDuel and DraftKings have gained popularity in recent years, investors are betting on the growing social aspect that has become part of many betting platforms.

That includes Monkey Tilt, which combines entertainment with gambling, and on Wednesday announced it has raised $30 million in a Series A funding round led by Pantera Capital.

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