Prizepicks Closes Round Of Strategic Funding, Adding Names From Sports, Entertainment And Gaming To Growing List Of Diverse And Influential Investors
Prizepicks Closes Round Of Strategic Funding, Adding Names From Sports, Entertainment And Gaming To Growing List Of Diverse And Influential Investors
12/01/21, 9:00 AM
Location
atlanta
PrizePicks, the pioneering operator of Single Player Fantasy (SPF) in North America, today announced the closing of a strategic round of funding which includes several previous investors and the addition of new prominent names from the worlds of sports, entertainment and gaming.
Company Info
Location
atlanta, georgia, united states
Additional Info
From November 2020 to November 2021, the company achieved close to tenfold increases across both its active member base and gross gaming revenue. To date, the company has primarily utilized debt financing to take advantage of its incredibly fast customer acquisition payback periods. "Unlike many of the fantasy and betting operators, PrizePicks was profitable year to date ahead of football season, and we wanted to make the most of our top revenue market, the NBA, converging with our second most popular, the NFL," PrizePicks CEO Adam Wexler said. About PrizePicks PrizePicks is the most fun, fast and simple version of daily fantasy sports covering a wide variety of sports leagues from the NFL and NBA to League of Legends and Counter-Strike. PrizePicks is currently the closest legal alternative to legal mobile sports betting in the majority of the United States including Top 10 markets like Georgia, Florida, Texas and California. With an existing digital footprint covering more than two-thirds of the U.S. population, PrizePicks is the most accessible type of game for the masses. PrizePicks is available in the App Store and Google Play or at prizepicks.com.