PlayDraft.com: Does This Site Have Money? Is It Financially Sound?
PlayDraft.com or simply Draft is indeed a financially sound company that recently raised $3.5 million from various investors. It focuses exclusively on the mobile daily fantasy market.
Upfront Ventures led the round, with participation from Advancit Capital, BoxGroup, The Chernin Group, and QueensBridge Venture Partners.
The company was founded this past December by the talented duo of Jeremy Levine and Nicolo Giorgi, who previously sold their moderately successful StarStreet to Draftkings.
Greg Bettinelli, partner at Upfront Ventures, said in a statement, “We are super excited about the potential for Draft as they continue to innovate in the incredibly dynamic fantasy sports space. The emergence of daily fantasy sports and mobile has had an immediate impact on the way sports fans interact with their favorite players and teams, and Draft takes these behaviors to the next level.”
The site makes playing Daily Fantasy Sports on mobile funs easy with a platform similar to that of Words With Friends.
Users can either play for free or match up to play for real money, choosing from different stakes and levels of payout, from a $5.50 match with a $10 prize to a $55 wager with a $100 cash prize going to the winner.
PlayDraft.com is based out of New York City and is currently active on social media. They are currently engaging in aggressive local hiring.
- Aaron Goldstein, Gambling911.com
