FSport secured $2.1M in investment from professional poker players

Sweden Investments 28 February 2019
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FSport, a Helsingborg, Sweden-based company operating an esports platform, secured EUR 1.9M ($2.1M) in capital investment.

The money was secured from a range of local investors, which are professional poker players. At the same time, the company also announced that it is awaiting the gaming license from the Swedish Gaming Authority. The funding will be used for marketing and technology development to integrate the games with the gaming operators.

FSport, founded in 2013 by Filip Martell and Hampus Hägglöf operates a DFS (Daily Fantasy Sports) platform, whereas its users organise virtual teams with real sportsmen and compete against each other for money based on the sportsmen’s actual performance over a short period. The company acts as an intermmediary, as it is a match for online gaming operators and media houses.

Prior to this round, FSport added almost $4M in outside capital.