Hungarian startup Statzup Kft. has raised $1.4 million in a Series A investment round led by Valor Capital to strengthen its position in the online fantasy sports market and expand its presence in North America.
Target Information
Statzup Kft. is a Hungarian startup focusing on the development and operation of online fantasy sports games. Recently, the company successfully completed an investment round, raising over $1.4 million (380 million HUF) to further strengthen its position in the market. Established with the vision of competing against American market leaders in the fantasy sports sector, Statzup has become a market leader in Brazil and made its entry into North America in the first quarter of 2016.
Founded in 2013 by young entrepreneurs Kristóf Simán and Tamás Varga, Statzup launched its first game, the MLSZ Fantasy Liga, with the support of the Hungarian Football Federation and its main sponsors. Despite a challenging start, the game quickly gained popularity and helped to establish the brand. The company has since grown to create its mobile applications for iOS and Android, aiming to revolutionize the mobile fantasy sports gaming market.
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Industry Overview in Hungary
The fantasy sports sector has seen substantial growth in Hungary, as well as in its neighboring countries. This growth is driven by an increasing interest in sports among the younger population and the rapid development of digit
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invested in
Statzup Kft.
in 2016
in a Series A deal
Disclosed details
Transaction Size: $1M