- Fantasy startup Esports One raises $4 million in funding
- Its user base has been growing by more than 25% month-over-month
- The new funding was led by XSeed Capital, Eniac Ventures, and Chestnut Street Ventures
Esports One recently announced that it has raised an additional $4 million in funding.
According to the Esports One team, creating this platform required building out a set of data and analytics products, as well as using computer vision technology that can track game activity (and update player stats) without relying on a publisher’s API.
The startup says its user base has been growing by more than 25% month-over-month. It may also have benefited from the pause in professional sports earlier this year.
What is Esports One?
Esports Founded in 2011 and led by CEO Matt Gunnin, Esports One is an all-in-one fantasy esports platform that utilizes a proprietary player performance database and computer vision to create a real-time competitive viewing experience, separate from game publishers.
After expanding its focus from the North American and European divisions of League of Legends, the platform now supports Rainbow Six: Siege, Rocket League, Valorant, and Fortnite.
The core features of the platform enable users to research the pros, develop their fantasy rosters, chat with their friends, and watch the tournament matches all in one place.
How did Esports One raise $4 Million?
Esports One, a Los Angeles, CA-based all-in-one fantasy esports platform with real-time predictive data, raised $4m in additional funding.
The new funding was led by XSeed Capital, Eniac Ventures, and Chestnut Street Ventures. This brought Esports One to a total of $7.3 million raised. The company also recently signed a partnership deal with lifestyle company ESL Gaming.
The company intends to use the funds to develop its core product and expand its user base and game partners. Esports One hopes to continue to scale internally and grow its team.
