Los Angeles-based fantasy sports game startup Champions Round has raised $7 million in Series A funding. The newly raised fund will be used to create skill-based games for Gen Z sports fans.
Point72 Ventures and Goodwater Capital led the round, while Pipeline Capital, Quest Venture Partners, Mana Ventures, Band of Angels, and Gaingels joined with additional investments.
“Fantasy sports historically demand lengthy commitments, seldom reward their players, and can be very tricky and cumbersome to play.” Co-Founder and CEO of Champions Round Carter Russ said in a statement.
Focusing on Gen Z sports fans, Champions Round’s fantasy leagues aren’t tied to entire seasons. Instead, they last up to three or four weeks, sometimes around a single multi-day event.