March 17 – The Fantasy Sports gaming market spawns a whole new sector of related digital activity, with the UK-based fantasy Football Hub announcing that it has raised $550,000 to build its digital content and analytics platform for the fantasy football community.
Fantasy Sports is currently valued as a $22 billion company and is expected to grow to $38 billion by 2025. In terms of people playing, fantasy football is now the largest of the sports with nine million playing the Premier League game alone. play.
The money will be used to develop services for Fantasy Footballk Hub members and “explore new market opportunities”.
Fantasy sports have recently attracted major investment, including the $680 million investment in Sorare, a fantasy football NFT firm that has enabled Sorare to negotiate deals with some of Europe’s biggest leagues, including LaLiga and the Bundesliga.
FFH Founder and CEO Will 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 coming years. This is an exciting time.”
FFH currently has over 65,000 active users.
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