fantasy sports

With March Madness weeks away, investors are placing their bets on Manhattan Beach startup Blok Sports.

Next week, the company will close a $1.3 million seed round to polish its blockchain-powered betting platform designed to help users place wagers without doling out their credit card information.

"We run a peer-to-peer sports betting exchange built on blockchain," said CEO and co-founder Mitchell Chun. "We're gamifying sports betting and making it more of a social experience. Our goal is to make this readily accessible for folks who aren't crypto-savvy or hardcore sports betters."

Read more Show less

For sports fans, the playoffs are an exciting time. But the end of the regular season can be bittersweet as it marks the end of the typical fantasy sports season.

That loss was Carter Russ' inspiration for Champions Round, a new take on fantasy sports that on Monday announced a $1 million seed round led by San Francisco-based Quest Venture Partners.

The two-year-old, L.A.-based startup launched its first full app last month. Its fantasy leagues aren't tied to leagues' entire seasons; instead, they're chunked, usually into periods of three to four weeks, and sometimes around just a single, multi-day event like the NFL draft.

Read more Show less

Trending