Fantasy Sports Company

Fantasy Sports Company

About this raise

Fantasy Sports Company, with a $19 million pre-money valuation, is raising funds on SeedInvest. The platform provides sports gambling tools, analytics, and rewards to sports fans. The aim of the platform is to help fans win at sports betting. Erik Groset and Peter Groset founded Fantasy Sports Company in 2015 and raised over $950,000 in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for existing product development, new product development, marketing, sales, and operations. Fantasy Sports Company’s platform has over 500,000 users across all sports gambling tech products.

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Investment Overview

Invested this round:
$1,291,577 - RegCF
$1,431,579 - Total

Deal Terms

Total Commitments ($USD)

Platform
SeedInvest
Start Date
04/21/2021
Close Date
07/31/2021
Min. Goal
$25,000
Max Goal
$3,500,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$1.24

Pre-Money Valuation

$19,000,000

Company & Team

Company

Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
CARLSBAD, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Erik Groset
Founder Name
Peter Groset

Financials

 Revenue +5% YoY
$743,753
 Monthly Burn
$2,409
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$743,753

$705,811

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-28,906

$-260,268

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$199,875

$219,366

Accounts Receivable

$0

$0

Total Assets

$200,375

$219,866

Short-Term Debt

$9,823

$15,920

Long-Term Debt

$0

$0

Total Liabilities

$9,823

$15,920

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$950,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/31/2021 SeedInvest $19,000,000 $1,431,579 Equity - Preferred Funded RegCF / RegD 506(c)
04/21/2021 SeedInvest $19,000,000 $507,771 Equity - Preferred Funded Test the Waters
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Fantasy Sports Company on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $19,000,000
Price per Share: $1.24

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Warning: according to the close date for this deal, Fantasy Sports Company may no longer be accepting investments.

Fantasy Sports Company Deal Report

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