In an astute move within the realm of fantasy sports, RotoUnderworld, a Fairfield, Connecticut-based analytics firm specializing in fantasy sports, has successfully secured $1.5 million during its pre-seed funding stage. This funding endeavor, led by a consortium of undisclosed iGaming enthusiasts and tech investors, is intended to accelerate the development of their groundbreaking fantasy gaming platform.
Emergence of a fantasy sports innovator:
According to a report by RotoUnderworld via PR Newswire, Matthew Kelley, the visionary founder of RotoUnderworld and the mastermind behind FastDraft, shared his excitement about the project’s future. “RotoUnderworld is dedicated to enhancing the sports experience with our expertise,” Kelley stated. He elaborated on how the increasing demand for mobile fantasy sports solutions, especially in the best ball category, prompted the company to take action, leading to the creation of FastDraft.
FastDraft is reshaping the landscape of mobile fantasy sports with its user-friendly design and streamlined gameplay. “Our drafts wrap up in under five minutes, a significant reduction compared to traditional best ball games,” Kelley elucidated. This improvement not only caters to the global community of over 50 million fantasy sports enthusiasts but also simplifies the gameplay, making it more accessible and less time-consuming. Such advancements are crucial for engaging users who may find the traditional complexities of fantasy sports daunting.
Since its inception, FastDraft has drawn in more than 1,000 users, indicating a strong market interest. This momentum is propelling RotoUnderworld to plan a seed funding round aimed at expanding the platform, diversifying contest offerings, and enhancing brand visibility among the worldwide fantasy sports community.
Accelerating growth and market reach:
The infusion of $1.5 million in pre-seed funding is empowering RotoUnderworld to accelerate the development of FastDraft. The investment reflects confidence from iGaming leaders and tech investors in the platform’s potential to revolutionize the fantasy sports sector.
FastDraft’s design significantly shortens draft times and simplifies the scoring system, making it attractive to a wide range of fantasy sports players. Its rapid adoption within the first month underscores the demand for a more intuitive and engaging fantasy sports experience.
With plans for a subsequent seed funding round, RotoUnderworld is poised to further expand FastDraft’s capabilities. The goal is to introduce innovative contest formats and reach millions of enthusiasts worldwide, solidifying its position as a frontrunner in the ever-changing iGaming market.
