About Balto
Balto is a company based in San Francisco (United States) founded in 2018 was acquired by FuboTV in December 2020.. Balto has raised $500 thousand across 1 funding round from investors including FuboTV and Y Combinator. Balto operates in a competitive market with competitors including DraftKings, FanDuel, Dream Sports, MPL and Underdog Fantasy, among others.
- Headquarter San Francisco, United States
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Sectors
Media & Entertainment
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Email
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Phone
*********
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Website
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Social
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $500,000
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First Round
First Round
(19 Mar 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Seed - Balto | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Subscription-based platform for streaming soccer content is offered.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Balto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Balto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Balto Comparisons
Competitors of Balto
Balto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DraftKings, FanDuel, Dream Sports, MPL and Underdog Fantasy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online fantasy sports platforms are provided for multiple sports.
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| domain | founded_year | HQ Location |
Developer of a fantasy platform for multiple sports
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| domain | founded_year | HQ Location |
Operator of a multifaceted platform for sports content and experiences
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| domain | founded_year | HQ Location |
Real money skill-based gaming is facilitated through an online platform.
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| domain | founded_year | HQ Location |
Developer of an online fantasy sports platform
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| domain | founded_year | HQ Location |
An online platform for fantasy sports predictions is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Balto
When was Balto founded?
Balto was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Balto located?
Balto is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Balto a funded company?
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 19, 2019.
What does Balto do?
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.
Who are the top competitors of Balto?
Balto's top competitors include FanDuel, DraftKings and Dream Sports.
Who are Balto's investors?
Balto has 2 investors. Key investors include FuboTV, and Y Combinator.
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