Novig Secures $18 Million in Series A Funding Led by Forerunner

Novig, the leading peer-to-peer sports prediction market in the United States, has successfully closed an $18 million Series A funding round. Forerunner led the round, with participation from existing investors Y Combinator, NFX, Perceptive Ventures, and Gaingels.

Founded by Jacob Fortinsky and Kelechi Ukah, Novig has reimagined sports predictions as a transparent and fair marketplace, allowing users to trade directly with one another. Since its public launch in September 2024, Novig has experienced rapid growth, achieving a 50x increase in monthly trading volume and surpassing $2 billion in annualized volume in Novig Cash.

The company plans to use the new capital to expand coverage to additional sports, launch new features, and scale hiring across its engineering, product, and growth teams.