About Draftpot
Draftpot is a company based in New York (United States) founded in 2014 was acquired by Boom Sports in May 2017.. Draftpot has raised $2.2 million across 1 funding round from investors including Boom Sports and Dorm Room Fund. Draftpot offers products and services including Casino Games, Sportsbook Technology, Times Machine, Extra Lucky, and Money Tree. Draftpot operates in a competitive market with competitors including DraftKings, FanDuel, Dream Sports, MPL and GreenPark Sports, among others.
- Headquarter New York, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.2 M (USD)
in 1 rounds
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Latest Funding Round
$2.2 M (USD), Series A
Sep 07, 2015
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Investors
Boom Sports
& 1 more
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Employee Count
Employee Count
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Acquired by
Boom Sports
(May 31, 2017)
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Products & Services of Draftpot
Draftpot offers a comprehensive portfolio of products and services, including Casino Games, Sportsbook Technology, Times Machine, Extra Lucky, and Money Tree. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides world-class casino products for online platforms.
Offers solutions for online sports betting and user engagement.
Features interactive casino game for digital entertainment.
Delivers engaging casino slots with multimedia elements.
Includes casino mechanics for user monetization and fun.
Funding Insights of Draftpot
Draftpot has successfully raised a total of $2.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.2 million completed in September 2015. 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 Series A — $2.2M
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First Round
First Round
(07 Sep 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Series A - Draftpot | Valuation |
investors |
| 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 Draftpot
Draftpot has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Boom Sports and Dorm Room Fund. 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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Micro VC investments are directed toward US student-led startups.
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Founded Year | Domain | Location | |
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Tech-enabled platform is offered for online gambling operators.
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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 Draftpot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Draftpot
| 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 |
Draftpot Comparisons
Competitors of Draftpot
Draftpot 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 GreenPark Sports, 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 |
Provider of a mobile app for multiple fantasy sports
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| domain | founded_year | HQ Location |
Developer of an online fantasy sports platform
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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 Draftpot
When was Draftpot founded?
Draftpot was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Draftpot located?
Draftpot is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Draftpot a funded company?
Draftpot is a funded company, having raised a total of $2.2M across 1 funding round to date. The company's 1st funding round was a Series A of $2.2M, raised on Sep 07, 2015.
What does Draftpot do?
Draftpot was established in 2014 in New York, United States, as a platform focused on daily fantasy sports and eSports, particularly League of Legends. Operations allow users to assemble lineups, participate in contests, and receive cash prizes with same-day payouts. The service targets web-based accessibility for participants, originating from founders at Columbia University.
Who are the top competitors of Draftpot?
Draftpot's top competitors include FanDuel, DraftKings and Dream Sports.
What products or services does Draftpot offer?
Draftpot offers Casino Games, Sportsbook Technology, Times Machine, Extra Lucky, and Money Tree.
Who are Draftpot's investors?
Draftpot has 2 investors. Key investors include Boom Sports, and Dorm Room Fund.
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