FanDuel
FanDuel is a web-based fantasy sports premium game created by Hubdub that falls under the banner of the relatively new Daily Fantasy Sports concept. The model consists of traditional season-long fantasy sports leagues being compressed into a daily, and occasionally weekly, game.[1]
Background
After taking in $1.2 million in venture capital funding from Pentech Ventures on January 14, 2009, Hubdub did an internal review and decided to shift focus from its web-based prediction market game to a web-based daily fantasy sports premium game.[2] On July 21, 2009, Hubdub launched FanDuel[3] while the Hubdub website was officially shut down on April 30, 2010.[4] FanDuel received $4 million venture capital funding from Piton Capital in September of 2011[5] and currently has offices in New York and Scotland.
References
- ^ DiFino, Nando. "Instant Gratification in Daily Fantasy Sports Over Traditional Leagues". Wall Street Journal. Retrieved 18 March 2012.
- ^ King, Bill. "FanDuel delivers daily dose of fantasy. games". SportsBusiness Journal. Retrieved 18 March 2012.
- ^ Butcher, Mike. "FanDuel turns fantasy sports betting into a social game". TechCrunch. Retrieved 18 March 2012.
- ^ Butcher, Mike. "HubDub closes news site to focus on fantasy sports spinoff FanDuel". TechCrunch. Retrieved 18 March 2012.
- ^ Butcher, Mike. "Daily fantasy sports FanDuel closes $4 million series B investment". TechCrunch. Retrieved 18 March 2012.