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SportsLock, has secured $5 million in Series A funding
Wednesday June 03,2015 : SPORTSLOCK START UP SAYS ITS DIFFERENT FROM OTHER FANTASY SPORTS OPERATORS
Secures $ 5 million in Series A funding
A new contender in the fantasy sports arena, Chicago-headquartered SportsLock, has secured $5 million in Series A funding just two months after launching its app but says its fantasy sports offer is different from those offered by market leaders DraftKings and FanDuel.
SportsLock says its product is a mobile application offering “a first-of-its-kind fantasy sports brackets experience”.
“It allows users to compete against friends or public opponents in survive and advance style bracket tournaments (similar to the structure of the annual NCAA Tournament) for money”, co-founder Todd Heyden told Forbes in an interview. “Users draft their players in real-time and winners advance to the next round until there is one winner”.
Chicago-based Wicklow Capital led the Series A fund raising which included buy-in from angel investor Robert Dupuy, former chief operating officer of Major League Baseball (MLB).
Funds will work towards accelerating SportsLock’s growth and positioning as “the best place for friends to take action on sports”. The company has embarked on a recruitment drive to increase its current staff complement from 11 to 19 with a focus on employing A+ engineers.
“I really feel we are the third largest in this space,” said Heyden. ”We are building a really cool game that’s legal in forty-six states. By definition, we are definitely a fantasy company, but with time we can expand that and give our area its own name.”
SportsLock is focusing on a Series B round of fund raising in the near future.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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