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Going after social commerce for sportspeople, Millions gets $10M

TechCrunch

Millions.co , a social commerce platform geared towards professional and semi-professional athletes wanting help to monetize their fanbase by selling merch and/or on-demand video, has grabbed $10 million in funding led by Boston-based Volition Capital. “We love Cameo , but we’re really different and focused on sports.”

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FanDuel founder and Sequoia bet on Spanish-language fantasy sports app Draftea

TechCrunch

While he didn’t necessarily make it to the “big leagues” playing the sport, his new company Draftea aims to win over the 350 million sports fans in Latin America, Jaime Misrahi told TechCrunch in an interview. Draftea’s app charges sports fans a fee to draft a lineup of players and compete to win daily cash prizes.

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Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs

TechCrunch

Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees. To succeed as India’s fastest-growing social media company, we assess our strategy regularly and make necessary changes to achieve our vision.”

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Sports community platform Stadium Live raises $10M to expand its digital world for Gen Z

TechCrunch

announced its $10 million Series A funding round to continue its mission of bringing fantasy sports to a younger generation. The Canadian startup was founded in 2020 by Kevin Kim and Paul Xu with the goal of gamifying the sports fandom and building a “digital playground” of sorts for Gen Z sports fans.

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Fantasy sports app Champions Round raises $7M to build new content creator feature

TechCrunch

Champions Round , a fantasy league startup that caters to Gen Z sports fans, announced today that it raised $7 million in new Series A funding. Users, particularly Gen Z users, are moving away from traditional fantasy sports, where leagues are tied to entire seasons. participate in DFS, up 12% from 2019.

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Despite the Crypto Winter and other scandals, blockchains seem here to stay in the sports betting market

TechCrunch

According to Grand View Research, the global sports betting market is expected to grow to $182.12 Thus, HotStreak , a web3 platform for daily fantasy sports (DFS) contests, is betting that a decentralizing payments is an ideal solution for DFS platforms. billion in revenue by 2030, up from $76.75 billion last year.

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“Link-in-bio” company Linktree raises $45M Series B for its social commerce features

TechCrunch

Linktree’s latest funding will be used on tools that make social commerce easier. This is in partly because people have been spending more time on social media and e-commerce shopping during the pandemic. .” Linktree raises $10.7M for its lightweight, link-centric user profiles.

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