“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. Meanwhile, Champions Round offers two options - free or buy-in. However, the majority of DFS games require money to play. For instance, users can draft and manage a team around a single event like the NFL draft, removing the need for a season-long commitment.įanDuel and DraftKings currently dominate the daily fantasy sports industry. participate in DFS, up 12% from 2019.Ĭhampions Round offers a version of this that it has dubbed “micro fantasy sports,” which are short-form games users can play daily, weekly, monthly or quarterly. The Fantasy Sports & Gaming Association (FSGA) reported that more than 30 million people in the U.S. Instead, many users are opting for daily fantasy sports (DFS), a subcategory of fantasy sports games, where players compete over short-term periods rather than an entire season. Users, particularly Gen Z users, are moving away from traditional fantasy sports, where leagues are tied to entire seasons. To date, the company has raised $10 million. The Series A was co-led by Point72 Ventures and Goodwater Capital, with additional investments from Pipeline Capital, Quest Venture Partners, Mana Ventures, Band of Angels and Gaingels. The funding round will go toward developing a new “Creator Rooms” feature, which gives sports content creators the opportunity to engage further with younger players by creating content and fantasy sports games, whether that be hosting a combined two-week NHL and NBA snake draft, creating polls and more. Champions Round, a fantasy league startup that caters to Gen Z sports fans, announced today that it raised $7 million in new Series A funding.

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