About Balto
Balto is a Media & Entertainment company based in San Francisco (United States) founded in 2018, and was acquired by FuboTV in December 2020. It operates as an an online sports fantasy platform is provided by Balto. Balto has raised $500 thousand across 1 funding round from investors including FuboTV and Y Combinator. The company was acqui-hired. Its focus areas include Gaming, eSports, eSports Platforms and eSports Fantasy. Its competitors include DraftKings, FanDuel, Dream Sports, MPL and Underdog Fantasy and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Balto was founded in 2018 and is headquartered in San Francisco, United States. Operations focus on the sports technology sector, where an online platform is maintained for fantasy sports engagement. Services include user participation in virtual leagues and contests based on real sports events. The domain playbalto.com serves as the primary access point for these digital offerings, targeting enthusiasts in the United States and beyond.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Email••••••••
- Website playbalto.com
- Social LinkedIn X Facebook
- Acquired by FuboTV (Dec 2020)
Funding Insights of Balto
Balto has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in March 2019. 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 $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Mar 2019)
- Investors Count 1
All 1 funding rounds of Balto 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 |
|---|---|---|---|---|---|
| Mar 2019 | $500,000 | Seed | – | Y Combinator | – |
2 investors in total: 2 institutional.
Investors in Balto
Balto has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FuboTV and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Subscription-based platform for streaming soccer content is offered. | 2015 | fubo.tv | New York, United States |
Investor details for Balto
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Balto
3 dated milestones of Balto across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Balto is founded.
- Funding First funding round of $500K.
- Exit Acquired by FuboTV.
Competitors of Balto
Balto has 8 listed competitors in our database, 8 of them funded. They include DraftKings, FanDuel, Dream Sports, MPL and Underdog Fantasy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| draftkings.com | 2012 | Boston, United States | $718.6M | 1,974 | Online fantasy sports platforms are provided for multiple sports. | |
| fanduel.com | 2009 | New York, United States | $416.2M | – | Developer of a fantasy platform for multiple sports | |
| dreamsports.group | 2008 | Mumbai, India | $942.17M | 1,307 | Operator of a multifaceted platform for sports content and experiences | |
| mpl.live | 2018 | Bengaluru, India | $395.81M | 435 | Real money skill-based gaming is facilitated through an online platform. | |
| underdogfantasy.com | 2020 | Brooklyn, United States | $115M | 588 | Developer of an online fantasy sports platform | |
| prizepicks.com | 2007 | Atlanta, United States | $1.7M | – | An online platform for fantasy sports predictions is provided. | |
| greenparksports.com | 2018 | Burlingame, United States | $67.91M | 62 | Provider of a mobile app for multiple fantasy sports | |
| fanclash.in | 2020 | Gurugram, India | $50.47M | 40 | Fantasy leagues and daily tournaments for esports games are offered. |
Detailed competitors of Balto
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- Full competitor set
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Top companies in eSports & Competitive Gaming
10 companies that operate in the same segment as Balto (eSports & Competitive Gaming), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | – | – | |
Real money skill-based gaming is facilitated through an online platform. | 2018 | Bengaluru, Karnataka, India | USD 401.22 M | USD 100.11 M | 435 | |
Video games are developed and eSports tournaments are organized. | 2006 | San Francisco, California, United States | USD 15 M | USD 630.41 K | 4 | |
eSports platform for skill showcasing and tournament hosting. | 2012 | London, England, United Kingdom | USD 17 M | USD 33.11 M | 89 | |
Esports league organization and organizer | 2010 | Los Angeles, California, United States | USD 40 M | – | – | |
Esports tournaments and events are organized across multiple games. | 2015 | Gurugram, Haryana, India | USD 66.15 M | USD 53.59 M | 74 | |
Online gameplay is streamed live via a broadcasting portal. | 2013 | Guangzhou, Guangdong, China | USD 537 M | USD 904.56 M | 1,250 | |
Live gaming, streams, and video content platform is operated. | 2016 | Delhi, Delhi, India | USD 45.99 M | USD 1.38 M | 79 | |
Mobile core genre games are developed for various platforms. | 2009 | Nicosia, Cyprus | USD 6 M | – | – |
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Frequently Asked Questions about Balto
Balto was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Balto is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Balto is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Mar 2019.
Balto was founded in 2018 and is headquartered in San Francisco, United States. Operations focus on the sports technology sector, where an online platform is maintained for fantasy sports engagement. Services include user participation in virtual leagues and contests based on real sports events. The domain playbalto.com serves as the primary access point for these digital offerings, targeting enthusiasts in the United States and beyond.
Balto's top competitors include FanDuel, DraftKings and Dream Sports.
Balto has 2 investors. Key investors include FuboTV, and Y Combinator.
Yes. Balto was acquired by FuboTV in December 2020.