Better Opinions raises $2.5Mn in seed funding

YCombinator-backed Better Opinions has raised $2.5 million from a bunch of investors including Metaplanet VC and Goldwater Capital. YCombinator, Taurus VC, Original Capital, Tremis Capital, Super Capital, and other investors, including angel investors, also participated in the round.

The company will use the funds to build and expand its product and technology team, and for marketing and user growth. The funds will also be used to make Better Opinions a trading-cum-social platform.

Samay Jain, Co-founder and Chief Executive Officer of Better Opinions said, “The funds will also be used to make Better Opinions a trading-cum-social platform. So far, we have seen an exciting user base that is eager to trade and invest in our platform.”

Better Opinions allows users to trade their opinions on events in various categories such as cricket, football, finance and entertainment. Currently, the platform has scaled to over 600,000 users and covered over 14,000 events.

Since its launch, Better Opinions claims to have expanded from continuous double auction trades - where users can trade on ‘yes’ or ‘no’ outcomes to polls or users can choose from multiple options to trade. Better Opinions had raised over $1 million in February this year from investors, including Soma Capital and Java Capital.