The ONLY independent fantasy sports company playable in 34 states, StatHero lets DFS players go H2H against house lineups instead of in short-odds contests with unknown users. The fantasy sports and sports betting hybrid has become a game-changing force in the DFS space with 400% month-over-month growth in deposits and players betting an average of $1,500/yr; THREE TIMES the average spend of industry leading apps DraftKings and FanDuel.
It’s this type of explosive growth that drew the attention of Illinois-based BFG Sports Bet, a venture capital fund with over a decade of experience in the highly regulated gaming industry. BFG is leading StatHero’s $4 million Series A Round of funding, on a $37 million valuation. The prospect of high-growth potential is obvious and this marks a significant next step.
Monica and Robert Breslow of BFG Sports Bet: “We believe StatHero is the most innovative, exciting, user-friendly DFS platform available on the market today and has potential for tremendous growth. The combination of the gaming market, passion of the founders and the clear innovation of the gameplay itself really set them apart in our eyes. Not to mention the disruption that StatHero has been able to bring to this industry over such a short period of time.”
Following a $2 million seed round investment in June of 2020 (also led by BFG) StatHero focused its energy and resources on innovation and development. It has fueled a considerable rise in users and has seen the company’s valuation more than double in the time since.
Jason Jaramillo, Founder of StatHero: “This Series A round is so special to me because our original investors made it a priority to double up on their investment of StatHero. 2022 is going to be very big for us.”
StatHero’s combination of skill-based games and low barrier of entry has allowed players to dive deeper into games while claiming a well over 50% winning percentage. As the company focuses on the future, a Series B round of funding is on the horizon for next spring. Until then, new products, new leagues and new features will be added to complement the slate of head-to-head contests and PARLAYS.
Combining the best of fantasy sports and sports gaming, StatHero is a first of its kind daily fantasy sports platform. The company has exploded in growth since founded in 2019 in large part due it’s simple gameplay, low commitment and instant gratification. Stathero uses the familiar fantasy sports based format to allow players to compete against posted lineups across a variety of professional sports and game types including Survivor Pools, Head-to-Head and Fantasy Parlays. Their patent pending gameplay gives players an advantage unlike any other in fantasy sports. It’s truly daily fantasy the way it was meant to be played - one-on-one. For more information, visit: www.stathero.com and follow us on Twitter @StatHeroHq.
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