Favourit seeks $5.3 million


Social sports betting company Favourit is seeking up to A$5 million ($5.3 million) for expansion to non-English speaking markets and developing mobile platforms. The company previously raised A$3.6 million. Players can bet against other users with virtual currency or, in Australia and the UK, make real money bets through partner bookmakers. Favourit launched a free app in Apple’s app store earlier this month and is working on an Android version.