March 17 – The Fantasy Sports gaming market is spawning a whole new sector of related digital business with UK-based fantasy Football Hub announcing it has raised $550,000 to build its platform that digital content and analytics to the fantasy football community.
Fantasy Sports is currently valued as a $22 billion business and is forecast to grow to $38 billion by 2025. In terms of people playing, fantasy football is now the largest of the sports with nine million alone playing the Premier League game.
The funds will be used to develop Fantasy Footballk Hub member services and “explore new market opportunities”.
Fantasy sports have attracted major investments recently including the $680 million investment made in Sorare, a fantasy football NFT business that has enabled Sorare to conclude deals with some of Europe’s biggest leagues, including LaLiga and the Bundesliga.
FFH founder and CEO Will Thomas said: “We are delighted to be welcoming such an experienced group of investors to the business and are looking forward to delivering even more value to our members in the years to come. This is an exciting time.”
FFH currently has more than 65,000 active users.
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