As Daily Fantasy Sports has taken off, some users have realized there may be an inequality that exists: the player with the most information and analytics has a huge advantage over someone relying purely on intuition. How is this problem being addressed? RotoQL equips FanDuel and DraftKing users with analytics and tools to improve Fantasy predictions, using the same information that pros use. The company plans to transition into the ultimate authority on sports moving from a tool to a complete sports data platform.
AlleyWatch spoke with CEO Justin Park about the startup and got the inside information on their latest round of funding.
Who were your investors and how much did you raise?
We raised $1.2M in a Seed round from Peter Blacklow the GP at Boston Seed Capital, Angel Tim McSweeney, Mark Mariani owner at VegasInsider, VP of Fox Sports Regional Networks Michael Spirito, Paul Beattie, and Ralph Topping.
Tell us about your product or service.
RotoQL’s vision is to be the world’s leading provider of tools and analytics to the fantasy sports community of 56 million, including both daily and season long fantasy sports competitors. Starting with the daily fantasy sports (DFS) vertical, RotoQL launched software — complete with predictive analytics, data and workflow tools — to users competing on DraftKings and FanDuel, the two leading DFS sites. After just twelve months of monetizing, RotoQL has become profitable and will generate seven-figure in revenue in 2017.
What inspired you to start the company?
CTO Frank Kim and myself had built and sold successful companies in the past and wanted to start something together. This was around 2015 and DFS was everywhere. By a random chance, a friend from school named Saahil Sud — a very highly ranked player decided to join us. So we decided to marry a strong tech background with player expertise that can’t be beat.
How is it different?
RotoQL is an equalizer in the daily fantasy space — empowering casual players with the same tools and analytics that professionals use. One customer, Michael Sugar, an Academy Award…