About AlphaDraft
AlphaDraft is a Media & Entertainment company based in Los Angeles (United States) founded in 2014, and was acquired by FanDuel in September 2015. Daily fantasy eSports contests are hosted for cash prizes. AlphaDraft has raised $5 million across 2 funding rounds from investors including FanDuel, Max Ventures and Greycroft. The company was acqui-hired. Its focus areas include Gaming, eSports, eSports Platforms and eSports Fantasy. Its competitors include Balto, DraftBuff and World Champion Fantasy; 2 of its 3 listed competitors have raised funding.
Company details
AlphaDraft, founded in 2014 in Los Angeles, United States, functions as an online fantasy eSports platform. Daily and weekly contests are conducted, where teams are drafted without season-long obligations. Users compete against friends and others in free or paid entries, bypassing the need for custom leagues. Registration requires no purchase, and an iOS app facilitates participation.
- Headquarters Los Angeles, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Website alphadraft.com
- Social X Facebook
- Acquired by FanDuel (Sep 2015)
Funding Insights of AlphaDraft
AlphaDraft has successfully raised a total of $5M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5M
- Total Rounds 2
- First Round $5M
(May 2015)
- Investors Count 11
All 2 funding rounds of AlphaDraft with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | Seed | – | – | ||
| May 2015 | $5M | Seed | – | Compound |
12 investors in total: 12 institutional.
Investors in AlphaDraft
AlphaDraft has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include FanDuel, Max Ventures and Greycroft.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in US sectors are made by Max Ventures. | maxventures.vc | New York, United States | ||
Multiple sectors are targeted for venture capital investments by Greycroft. | greycroft.com | New York, United States | ||
Early-stage investments are made in US technology startups. | bassetinvestmentgroup.com | New York, United States | ||
Seed stage venture capital firm investing in the US | kecventures.com | New York, United States | ||
Venture capital funding is provided to early-stage companies. | upfront.com | Los Angeles, United States | ||
Seed-stage US companies are invested in by SK Ventures. | skvcap.com | San Francisco, United States | ||
Freestyle VC is engaged in seed funding for tech startups. | freestyle.vc | Larkspur, United States | ||
Compound is recognized as a thesis-driven investment firm. | compound.vc | New York, United States | ||
Investments in seed to Series A stage companies are targeted. | ridge.vc | San Francisco, United States | ||
WME is recognized as a leading talent agency for artists. | wmeentertainment.com | Beverly Hills, USA |
Investor details for AlphaDraft
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of AlphaDraft
4 dated milestones of AlphaDraft across 1 years, from founding to its latest funding, stage changes and deals.
- Founded AlphaDraft is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Seed,.
- Exit Acquired by FanDuel.
Competitors of AlphaDraft
AlphaDraft has 3 listed competitors in our database, 2 of them funded. They include Balto, DraftBuff and World Champion Fantasy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| playbalto.com | 2018 | San Francisco, United States | $500,000 | An online sports fantasy platform is provided by Balto. | ||
| draftbuff.com | 2018 | New York, United States | Operates an online platform for esports fantasy games. | |||
| worldchampionfantasy.com | 2020 | Chesterfield, United States | $1.51M | E-sports platform is provided for live and on-demand streaming. |
Detailed competitors of AlphaDraft
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of AlphaDraft
The website of AlphaDraft (alphadraft.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 98% vs previous month
Websites whose visitors overlap most with AlphaDraft. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| facebook.com | 100% | 12.1B | #3 | View details |
Top companies in eSports & Competitive Gaming
3 companies that operate in the same segment as AlphaDraft (eSports & Competitive Gaming) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | |||
Video games are developed and eSports tournaments are organized. | 2006 | San Francisco, California, United States | USD 15 M | USD 630.41 K | 4 | |
Esports league organization and organizer | 2010 | Los Angeles, California, United States | USD 40 M |
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Frequently Asked Questions about AlphaDraft
AlphaDraft was founded in 2014 and raised its 1st funding round 1 year after it was founded.
AlphaDraft is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
AlphaDraft is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on May 2015.
AlphaDraft, founded in 2014 in Los Angeles, United States, functions as an online fantasy eSports platform. Daily and weekly contests are conducted, where teams are drafted without season-long obligations. Users compete against friends and others in free or paid entries, bypassing the need for custom leagues. Registration requires no purchase, and an iOS app facilitates participation.
AlphaDraft's top competitors include World Champion Fantasy, Balto and DraftBuff.
AlphaDraft has 12 investors. Key investors include FanDuel, Max Ventures, Greycroft, Basset Investment Group, and KEC Ventures.
Yes. AlphaDraft was acquired by FanDuel in September 2015.