Champions Round raises $7M for free-to-play fantasy sports games
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Fantasy sports game startup Champions Round has raised $7 million in funding to create skill-based games for Gen Z sports fans.
Point72 Ventures and Goodwater Capital led the round, with additional investments from Pipeline Capital, Quest Venture Partners, Mana Ventures, Band of Angels and Gaingels.
Founded by veterans of the video game industry, Los Angeles-based Champions Round is a sports media and consumer technology business focused on redefining the relationship between live sports and Gen Z. The company’s average player base is 22, versus around 38 for all sports betting.
“We see an opportunity to become the home of the next generation,” said Champions Round CEO Carter Russ, in an interview with GamesBeat.
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Champions Round offers a variety of skill-based games which can be played alongside users’ favorite content creators.
“We want to bring communities together through sports,” said Russ. “Fantasy sports historically demand lengthy commitments, seldom reward their players, and can be very tricky and cumbersome to play. Despite all of this, nothing keeps us closer quite like our fantasy sports leagues.”
In North America, there are 70 million people playing fantasy sports with companies such as DraftKings, FanDuel and smaller platforms such as Underground.
While sports fans love placing bets on events like the Super Bowl, Gen Z players are often too young to place bets in online games. And some view sports betting as
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