Sports Betting: Animal Capital and Other Investors Fund 20Shots

Sports Betting: Animal Capital and Other Investors Fund 20Shots

20Shots, a creator of business-to-business fantasy sports software, has secured more cash to fuel its operations. Investors contributed $482,336, enabling the company’s value to exceed $6 million.

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20Shots received $500,000 in funding

The popularity of Fantasy5, 20Shots’ fantasy sports product based on the Premier League, drew the attention of significant investors such as Animal Capital. The latter financed the business, although 20Shots declined to divulge the actual sum. In the end, all investors contributed over $500,000 to the company, bringing its value to $6 million.

20Shots will utilize the freshly acquired capital to fuel the development of future fantasy products. According to the corporation, it is preparing to launch the broadest selection of items yet. For instance, the producer of fantasy sports intends to introduce additional games to its Fantasy5 program and include a number of Europe’s most prominent soccer leagues.

To further engage soccer fans, 20Shots will include Europa League and UEFA Champions League products. Fantasy5 will provide $12,000 in rewards for all games, the same amount it already offers for its Premier League fantasy football game.

Animal Capital praised the products of 20Shots

Animal Capital’s managing partner, Marshall Sandman, discussed the firm’s choice to invest in 20Shots. He praised 20Shots for being able to stand out in a crowded fantasy industry and provide an amazing product. Sandman commended the company’s Fantasy5 for being an early success and for garnering the attention of corporations and fans.

Their main game Fantasy5 is an early success, their B2B contacts are well positioned to make this an interesting asset, and they have the capacity to engage with and retain a younger audience, all of which made them eager to embark on this path.

Co-founder and CEO of 20Shots, Jacob Kalms, stated that the free-to-play market is getting more crowded. 20Shots intends to integrate their technology into the majority of the world’s most prominent sports leagues.

To this purpose, 20Shots intends to invest in its capacity to provide new, high-quality items on a continuous basis. In February, Kalms shared his concept for Fantasy5 with Gambling News. Back then, he said that he expected free-to-play games would only increase in popularity over the next three years and become the next big thing.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.