Kelly's Blog
RotoHog, Secures Additional $2 Million In Funding
One of America’s leading media distribution companies to create new online fantasy sports platform for one of the world’s most popular sports
Los Angeles, March 10, 2009
RotoHog, one of the fastest-growing and most innovative fantasy sports operators and developers for major brands and professional sports, today announced it has secured an additional $2 million in funding to expand its business platform and develop new technology for its partners. The funding round was led by venture capital groups Mission Ventures and DFJ Dragon (China Fund).
“We have been able to show that even in challenging times the business model we have built for RotoHog is unique to the marketplace and fills a need that major fantasy game providers have…namely building and delivering innovative games and powerful platforms for a growing fan base worldwide,” said CEO Kelly Perdew. “This additional capital gives us the stability to focus on our long-term strategy, which is to be the worldwide leader in the development of fantasy sports games, games that are scalable, have turnkey solutions and will create new revenue streams for our partners, who include some of the biggest names in the industry, from Turner and the NBA to Fox Espanol and the AVP.”
“We have seen considerable traction and are excited about the focused vision of the RotoHog team,” said Leo Spiegel, Managing Partner Mission Ventures. “DFJ Dragon watches the China market and looks for companies that can exploit those opportunities. The market for fantasy in exploding and RotoHog will be a leader,” said Andy Tang, Managing Partner DFJ Dragon.
The additional funding is the latest is a series of successful moves for RotoHog, a brand that has quickly become a leader in the building of infrastructure for partners, ranging from sophisticated stock exchange and commissioner-style games for the NBA and Pro Football Weekly to casual Facebook and MySpace games with GoDaddy.com and others. RotoHog recently announced a new partnership with the AVP Pro Beach Volleyball Tour, and other moves will be announced in the coming weeks.
RotoHog is the leading fantasy sports platform provider, with partners including NBA.com, Turner Digital, Pro Football Weekly, AVP, Fox Espanol, GoDaddy, and LG Electronics. RotoHog is privately held, and based in Los Angeles, CA. Investors include Mission Ventures, DFJ DragonFund, Allen & Co and Sports Capital Partners Worldwide.
For more information on RotoHog please visit www.rotohog.com/corporate.
Media Contact:
Joe Favorito
Rotohog
917-566-8345
jfavorito@rotohog.com