ThriveFantasy Raises Series B to Expand Player Prop-Focused Daily Fantasy Platform
Capitalizing on growth in the Daily Fantasy Sports industry to handle increased demand
ThriveFantasy, a pioneering daily fantasy sports (DFS) prop betting platform, today announced the first close of their Series B funding. The round is being led by Bullpen Capital with participation from Correlation VC, Gaingels, New York Angels, Andover Ventures and individual strategic angels. The majority of the round will go towards hiring over the next few months in order to support their continued growth https://www.linkedin.com/jobs/view/3361287803/
Thrive’s NFL season has shown there are still hyper-growth opportunities in the daily fantasy landscape, with over $10M in cash prizes awarded since the season started in September, with another third of the season to go.
“Our innovative gaming concepts and ease of use (higher/lower) give the casual fan, along with the more seasoned players, a different way to engage and compete. Player props are the new wave and we know it is here to stay,” says Adam Weinstein, Founder and CEO of ThriveFantasy. “It’s been a unique time to raise capital and we are excited that Bullpen Capital recognizes our accomplishments and has the expertise to truly add value as we continue to grow.”
ThriveFantasy is also expanding internationally with their white-label offering. Third-party companies can now utilize Thrive’s proprietary platform technology to create any type of contest and prizes they wish with a simple integration. Several major partnerships beyond traditional sports are currently in the works and will be announced soon.
ThriveFantasy is now hiring with a specific focus on a CTO and Senior Software Engineers to scale the platform through the Superbowl and beyond with many large partnerships to be announced.
Job posting https://www.linkedin.com/jobs/view/3361287803/
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