The backers of the new Fantasy Life mobile fantasy sports community app have announced that they have entered a second stage of start-up financing after managing to attract 16 investors that include some of the sporting world’s most recognizable names.
The sponsors used an official Thursday press release to detail that they are moving into a Series A round of financing after adding Major League Baseball (MLB) superstars, Josh Donaldson, Adam Wainwright, David Price and Evan Longoria to a list of patrons that had already included the owner of the Atlanta Hawks franchise of the National Basketball Association (NBA), Jesse Itzler, and American championship stock car racing driver, Kyle Busch.
Co-foundered by ESPN columnist and fantasy sports analyst, Matthew Berry, Fantasy Life is an iOS and Android-friendly mobile app that supplies users with real-time alerts that often arrive up to 15 minutes before those issued by competitive services. The advance moreover permits sportsbetting and fantasy sports aficionados to post comments, conduct chats and poll other participants in order to help them get the best possible results.
Balancing the scales:
Berry used the press release to describe Fantasy Life as ‘the fastest growing mobile community app’ in advance of stating that the innovation had been designed ‘to level the playing field for the amateur fantasy sports player and sports bettor.’
“We wanted to create a powerful breaking news engine, combined with an engaged community, to help fantasy sports players and sports bettors alike make faster and more informed decisions.”
The boss of the app, Yasin Abbak, subsequently proclaimed that the app is furthermore being supported by private investment firms Upstage Ventures and SK Ventures alongside daily fantasy sports guru Al Zeidenfeld. He also declared that the innovation’s positive user ratings serve as ‘a testament to its advantage to those who depend on real-time information for sports betting and fantasy leagues.’
Abbak’s statement read…
“We’re excited to see the momentum from our seed round carrying through to Series A. The fact that we continue to attract investors with large audiences across the worlds of sports and business bodes well for the growth of the Fantasy Life community and product. It’s also a huge compliment that our investors use the app and see the value of the product themselves.”