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Press release content from News Direct Corporation. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from News Direct Corporation
Press release content from News Direct Corporation. The AP news staff was not involved in its creation.

STATHERO DAILY FANTASY SPORTS PLATFORM SEES 5X REVENUE GROWTH, CLOSES A $4 MILLION SERIES A FUNDING ROUND LED BY BFG SPORTS BET

December 15, 2021 GMT
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--News Direct--

This release issued on December 15, 2021 is being replaced with the following corrected version due to multiple revisions.

The updated release reads:

STATHERO DAILY FANTASY SPORTS PLATFORM SEES 5X REVENUE GROWTH, CLOSES A $4 MILLION SERIES A FUNDING ROUND LED BY BFG SPORTS BET

StatHero, the fast-growing head-to-head Daily Fantasy Sports (DFS) app with unprecedented winning percentages and player spend, has raised $4 million in Series A Funding led by BFG Sports Bet.

StatHero is the ONLY independent fantasy sports company playable in 34 states StatHero lets DFS players go up against house lineups instead of long odds contests with unknown users. The fantasy sports and sports betting hybrid has become a game-changing force in the DFS space with 400% month-over-month growth in deposits and players betting an average of $1,500/yr; THREE TIMES the average spend of industry leading apps DraftKings and FanDuel.

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It’s this type of explosive growth that drew the attention of Illinois-based BFG Sports Bet, a venture capital fund with over a decade of experience in the highly regulated gaming industry. BFG is leading StatHero’s $4 million Series A Round of funding that caps a year of 5x revenue growth. The prospect of high-growth potential is obvious, and this marks a significant next step.

Monica and Robert Breslow of BFG Sports Bet: “We believe StatHero is the most innovative, exciting, user-friendlyDFS platformavailable on the market today and has potential for tremendous growth. The combination of the gaming market, passion of the founders and the clear innovation of the gameplay itself really set them apart in our eyes. Not to mention the disruption that StatHero has been able to bring to this industry over such a short period of time.”

Following a $2 million seed round investment in June of 2020 (also led by BFG) StatHero focused its energy and resources on innovation and development. It has fueled a considerable rise in users and has seen the company’s valuation more than double in the time since.

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Jason Jaramillo, Founder of StatHero: “ This Series A round is so special to me because our original investors made it a priority to double up on their investment of StatHero. 2022 is going to be very big for us.”

StatHero’s combination of next generation technology, skill-based games and low barrier of entry is disrupting the gaming space and enabling players to dive deeper into games while claiming a well over 50% winning percentage. As the company focuses on the future, a Series B round of funding is on the horizon for next spring. Until then, new products, new leagues and new features will be added to complement the slate of head-to-head contests and PARLAYS are next up.

About STATHERO

Combining the best of fantasy sports and sports gaming, StatHero is a first of its kind daily fantasy sports platform. The company has exploded in growth since founded in 2019 in large part due it’s simple gameplay, low commitment and instant gratification. Stathero uses the familiar fantasy sports based format to allow players to compete against posted lineups across a variety of professional sports and game types including Survivor Pools, Head-to-Head and Fantasy Parlays. Their patent pending gameplay gives players an advantage unlike any other in fantasy sports. It’s truly daily fantasy the way it was meant to be played - one-on-one. For more information, visit: www.stathero.com and follow us on Twitter @StatHeroHq.

For media/press inquiries on , please contact: Dianne Quirante,dianne@emcbowery.com

About STATHERO

Combining the best of fantasy sports and sports gaming, StatHero is a first of its kind daily fantasy sports platform. The company has exploded in growth since founded in 2019 in large part due it’s simple gameplay, low commitment and instant gratification. Stathero uses the familiar fantasy sports based format to allow players to compete against posted lineups across a variety of professional sports and game types including Survivor Pools, Head-to-Head and Fantasy Parlays. Their patent pending gameplay gives players an advantage unlike any other in fantasy sports. It’s truly daily fantasy the way it was meant to be played - one-on-one. For more information, visit: www.stathero.com and follow us on Twitter @StatHeroHq.

Contact Details

Dianne Quirante

+1 323-654-0001

dianne@emcbowery.com

Company Website

https://stathero.com/

View source version on newsdirect.com: https://newsdirect.com/news/stathero-daily-fantasy-sports-platform-sees-5x-revenue-growth-closes-a-4-million-series-a-funding-round-led-by-bfg-sports-bet-847867780