UK digital media start-up scores six-figure investment to target $22 billion fantasy sports market
LONDON† March 17, 2022 /PRNewswire/ — UK-based Fantasy Football Hub (FFH) has a $550k (£406k) funding round to support its growth in the world of fantasy sports, an industry currently valued at $22 billion and achieve prediction $38 billion by 2025*.
FFH was founded by CEO Will Thomas, 32, who left his job as a consultant and sports psychologist in 2018 to build a company that delivers high-quality digital content and analytics to the fantasy football community. Today, the company has more than 65,000 active users.
Fantasy football is the largest of the fantasy sports, with over nine million players in the English Premier League version of the game alone and dozens of similar formats played worldwide. And there seems to be no slowdown in the enthusiasm for fantasy sports, with 258 billion app downloads expected by 2022**.
Participants in this funding round include novice investors Pierre Leverwho joins the board of directors as chairman, and Top Ten Sport Ventures led by Markus Eggerpreviously an executive with red bulls characteristics of sports teams. The round was also supported by 40 existing shareholders and backed by JY Advisory.
FFH will use its funds to develop its member services and explore new market opportunities. There have been several high-profile investments in fantasy sports start-ups of late, from content providers to new games, the most notable of which being the $680m made an investment in Sorare, a fantasy football NFT company.
Thomas said: “We are delighted to welcome such an experienced group of investors into the company and look forward to delivering even more value to our members in the years to come. This is an exciting time for everyone on the Fantasy Football Hub team ”
Lever added: “Will and the team have grown the business rapidly by becoming an indispensable resource for tens of thousands of fantasy football players. As the fantasy sports industry continues to grow at a rapid pace, the opportunities for Fantasy Football Hub are enormous and I am excited to be involved. “
Product overview video: https://youtu.be/C8r-1Gyxpi4
Notes to editor:
Fundraiser Information 2019: https://www.seedrs.com/fantasy-football-hub
Market Size Data Sources:
*Business Wire 30eAugust 2021referring to the Research and Markets 2020 report
SOURCE Fantasy Football Hub