Fundz

Draftea Kicks Off Latam Fantasy Football With Nfl Partnership, Fresh Funding

PRIVATESep 01, 2022

Round Type

Funding Round

Mexico CityGamingSportsFantasy Sports

Description

Draftea, which calls itself the first daily fantasy sports company in Spanish-speaking Latin America, is taking fantasy football (not fútbol) to the region in a new partnership with the National Football League (NFL) and the NFL Player’s Association, a labor union representing the league’s athletes.

Quick answer

Draftea raised an undisclosed amount in a Funding Round round, dated September 1, 2022. Draftea is based in Mexico City, Mexico City, Mexico.

How much did Draftea raise?
Draftea raised an undisclosed amount in a Funding Round round on September 1, 2022.
What does Draftea do?
The startup emerged from stealth in January this year with a daily fantasy sports (DFS) platform that hosted Mexican fantasy soccer matches.
Where is Draftea based and how big is it?
Draftea is based in Mexico City, Mexico City, Mexico.

Source: Fundz verified event record.

Who else raised in Gaming and Sports around the same time

Companies in the same sectors as Draftea that raised within 45 days of this round, from Fundz verified event records.

  • Puttshack raised $150M (Funding Round) on October 11, 2022.
  • LootMogul raised $200M on September 16, 2022.
  • LiveScore Group raised $65M (Corporate Round) on September 7, 2022.
  • Stadium Live raised $10M (Series A) on July 28, 2022.
  • Stadium Live raised $10M (Funding Round) on July 28, 2022.
  • Blue Hat Interactive Entertainment Technology raised $1.6M (Seed) on October 14, 2022.

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Company Information

Company

Draftea

Location

Mexico City, Mexico City, Mexico

About

The startup emerged from stealth in January this year with a daily fantasy sports (DFS) platform that hosted Mexican fantasy soccer matches. The platform offers a number of different game structures, including head-to-head matchups and games where the top 20% of players win payouts, and plans to continue adding new types of contests to keep up with player demand, he added. The company is eyeing the FIFA World Cup in Qatar this November, expected to be this year’s biggest live sports event worldwide, as a major opportunity to gain traction. While he declined to share how many users are on the platform today or the company’s revenue, he said the number of players using Draftea is growing “double digits” week-over-week. Unlike Betcris and Grupo Caliente, Draftea isn’t a sports betting company where players compete against a central bookmaker — instead, they compete against one another.

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Draftea raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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