New York-based Predictive Sports Game Startup Expands Staff and Develops New Apps
In a significant development for the sports gaming industry, PrePlay, a pioneering predictive sports game startup based in New York, has raised $3.1 million in Series A funding. The company will utilize this investment to expand its staff, develop new apps for baseball and other entertainment-related content, and further solidify its position as a leader in the space.
Leading Investors Back PrePlay
The funding round was led by social media entrepreneur Gary Vaynerchuk, RSE Ventures’ CEO Matt Higgins, and several angel investors whose names have not been disclosed. The terms of the deal remain confidential, but it’s clear that these prominent investors believe in PrePlay’s potential for growth and expansion.
Founding Story and Current Successes
PrePlay was founded in April 2010 by Andrew Daines, who serves as the company’s CEO. With a strong focus on innovative game design, PrePlay currently offers two titles: PrePlay Football and Molson Canadian NHL PrePlay, which was licensed by the National Hockey League (NHL) and sponsored by Molson.
User Engagement and Predictive Gaming
The games offered by PrePlay are centered around "the most interesting question in the world" – what’s going to happen next? This unique approach has garnered significant user engagement, with fans actively competing in social games to predict live TV show outcomes. The company’s blog showcases impressive statistics from fan usage during the NHL Stanley Cup Finals, highlighting 187,508 real-time predictions made throughout the playoffs.
Future Plans and Expansion
According to Daines, "This funding will allow us to continue to add to our rock star team and release titles for a greater variety of sports, media, and entertainment content in the not-so-distant future." PrePlay’s platform is designed to be flexible and adaptable, allowing it to expand beyond traditional sports games to other forms of entertainment.
Innovative Predictive Gaming
PrePlay’s approach to predictive gaming has proven to be highly engaging for users. By incorporating real-time predictions into live TV shows, the company creates a unique interactive experience that sets it apart from more static sports games. This innovative approach has allowed PrePlay to establish itself as a leader in the sports gaming industry.
Industry Recognition and Future Prospects
With $3.1 million in Series A funding, PrePlay is poised for continued growth and expansion into new markets. As the company continues to develop its platform and attract top talent, it’s likely that we’ll see even more innovative features and titles emerge in the future. With a strong leadership team and significant investment backing, PrePlay is well-positioned to become a household name in the sports gaming industry.
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