Skill-based social gaming company Splash Sports closed a new round of funding.
Splash Sports announced on Tuesday the closing of a $14.5 million Series B round led by early-stage investment firm Dream Ventures. The round also included contributions from venture fund Boston Seed Capital, multistage VC firm Velvet Sea Ventures, growth accelerator Greenwave Ventures and consultancy firm Evolution Partners.
Splash Sports offers a variety of fantasy-based contests, including daily fantasy, pick’em and survivor. Some combination of its products is available in more than 40 U.S. markets. Splash Sports also operates in Canada’s online gaming market.
Two markets where Splash Sports doesn’t operate are Nevada and Pennsylvania.
Investment will help enhance Splash Sports’ golf offerings
EP Golf Ventures was also included in the company’s Series B round. The investment firm is a partnership between the PGA of America and Elysian Park Ventures, an investment platform established by the ownership group of the Los Angeles Dodgers. Splash Sports will leverage its partnership with EP Golf Ventures to bolster its efforts in the golf sector.
“We’ve seen countless media companies and leagues invest in new sports rights, but in order to justify such support, an element of interactivity and engagement that brings fans closer to the action is crucial,” said Splash Sports CEO TJ Ross. “This funding round allows us to continue to do just that through our real-money contests and partnerships with leading media companies, teams, and leagues.”
Another $14M funding round for Splash Sports
Splash Sports closed its latest funding round after receiving an injection of capital in 2024.
That year, the Denver-based company closed a $14 million Series A2 funding round. The round had contributions from VC firms Acies Investments, K5 Global and Accomplice.
Splash Sports has a portfolio of angel investors that includes New England Patriots President Jonathan Kraft and Fenway Sports Group Partners Mike Gordon and Sam Kennedy. Fenway Sports Group advisor Theo Epstein is also an angel investor.
Splash Sports joins advocacy group
In February, Splash Sports became the fifth member of the Coalition for Fantasy Sports, a trade group that aims to protect innovation and consumers in the fantasy sports industry.
Splash Sports joined PrizePicks, Underdog, Betr and Dabble in the coalition. Fintech company Aeropay is also a member of the organization as its first vendor partner.
