Splash Sports, a leader in skill-based social sports gaming, announced that it has completed a Series B funding round, securing millions of dollars to expand its business across North America.
The Funding Round Will Allow Splash to Scale Its US Business
According to Splash Sports’ announcement, the DFS company has raised $14.5 million in a round led by Dream Ventures and backed by the likes of Boston Seed, Velvet Sea Ventures, Green Wave Ventures, and Evolution Partners.
EP Golf Ventures, the investment arm of the PGA of America and Elysian Park Ventures, was also an important backer that will further Splash Sports’ involvement in the golf sector via a variety of joint activations.
The money raised by Splash Sports will allow it to reinforce its portfolio of social sports gaming content while growing its presence in key North American markets, such as the US and Canada.
The latest funding round follows previous investments that have seen Splash Sports secure backing from noteworthy investors like Accomplice, K5, the NFL, NHL, and MLB, among others. These rounds have been key in reinforcing the company’s US presence.
What makes Splash Sports different from other DFS platforms or sportsbooks is the fact that it allows fans to “run the show” by operating real-money contests. The company provides players with all the tools necessary to run contests such as Survivor, Pick ’Em, and Tiers contests, among others.
An additional highlight of Splash Sports’ platform is a daily peer-to-peer QuickPicks offering that allows players to win up to 50x their entry.
Splash Sports Looks Forward to Creating More Value for Its Players and Partners
Splash Sports’ co-founder & CEO, TJ Ross, commented on the latest funding, saying that his team remains committed to making sports more interactive and bringing fans closer to the action. He noted that the funding round will allow his team to continue doing so and, by extension, generating value to its league and media partners.
Our games allow every fan to be their own commissioner and coordinate their own contests for sports’ biggest moments while simultaneously developing deeper audiences for media partners.
TJ Ross, co-founder & CEO, Splash Sports
Dream Ventures, which led the round, was proud to have supported Splash Sports. Richard Blankenship, the former company’s founder and general partner, said: “Splash is carving out a powerful niche in the sports gaming market. They’re building for the modern fan – social, competitive, and community-first. This is the next evolution of how people engage with live sports.”