The eSports sector attracts major investment and includes companies from around the world. This list covers startups in fantasy sports, competitive platforms, and merchandise.
Sports merchandise company Fanatics has secured $4.9 billion in funding. India's Mobile Premier League has also raised $390.5 million for its skill-based gaming platform.
Below is our list of 32 eSports startups worth keeping an eye on.
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Get the Sheet for $50Underdog Fantasy operates a daily fantasy sports platform focused on its popular Pick'em games and esports contests. The company gives sports fans a new way to play by competing in drafts and making projections on player performance.
| Headquarters | Brooklyn, New York, United States |
| Year Founded | 2020 |
| Founders | Brandon Stakenborg, Jeremy Levine |
| Funding Amount | $115M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | BlackRock, Spark Capital, SV Angel, MANTIS Venture Capital, Palm Tree Crew |
Mobile Premier League built a mobile eSports platform where users can compete in skill-based games to win real cash prizes. The company provides a diverse collection of games, enabling players to enter paid tournaments and monetize their gaming abilities.
| Headquarters | Bengaluru, Karnataka, India |
| Year Founded | 2018 |
| Founders | Sai Srinivas Kiran G, Shubh Malhotra, Shubham Malhotra |
| Funding Amount | $390.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Gaingels, Sequoia Capital, Peak XV Partners, RTP Global, Play Ventures |
PlayVS brings organized esports to the scholastic level, offering a platform for high school and college competitions. They provide the official infrastructure for schools to launch and manage their own varsity esports teams.
| Headquarters | Los Angeles, California, United States |
| Year Founded | 2018 |
| Founders | Delane Parnell |
| Funding Amount | $106.2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Sapphire Ventures, Battery Ventures, New Enterprise Associates, Samsung NEXT, Coatue |
Stan builds a blockchain-based social gaming platform designed for gaming creators, publishers, and their communities. The platform enables fans to collect, play, and trade digital collectibles of their favorite esports athletes and streamers.
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2022 |
| Founders | Nauman Mulla, Parth Chadha, Rahul Singh |
| Funding Amount | $15.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Gaingels, General Catalyst, GFR Fund, King River Capital, Better Capital |
Fanatics manufactures and sells a wide range of licensed fan gear, jerseys, and sports merchandise across numerous retail channels. They have established a major presence in the sports industry by managing e-commerce and merchandise for teams and leagues directly.
| Headquarters | Jacksonville, Florida, United States |
| Year Founded | 2002 |
| Founders | Alan Trager, Jason Watkins, Josh Luber, Michael Rubin, Mitch Trager |
| Funding Amount | $4.9B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Andreessen Horowitz, Franklin Templeton, Temasek Holdings, Insight Partners, BlackRock |
FanCode brings a wide world of sports to fans through a single digital platform for live streams, content, and official merchandise. They specialize in broadcasting long-tail sports and offer integrated e-commerce so fans can buy gear while they watch.
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2019 |
| Founders | Prasana Krishnan, Yannick Colaco |
| Funding Amount | $50M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Dream Sports Investments |
FromSoftware develops critically acclaimed action role-playing games for consoles and PC. The Japanese studio is best known for creating the highly influential "Souls" series, which includes titles like Dark Souls and the award-winning Elden Ring.
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 1986 |
| Founders | Naotoshi Zin |
| Funding Amount | ¥36.4B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Secondary Market |
| Top Investors | Sony Interactive Entertainment, Sixjoy |
Sleeper develops a fantasy sports platform that integrates social messaging directly into leagues for football, basketball, and esports. Their product is designed to connect friends and make community interaction a central part of the gaming experience.
| Headquarters | San Mateo, California, United States |
| Year Founded | 2015 |
| Founders | Henry Leung, Ken Wang, Nan Wang, Weixi Yen |
| Funding Amount | $67.3M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Series C |
| Top Investors | Andreessen Horowitz, General Catalyst, Alumni Ventures, Titanium Ventures, Expa |
Midnite operates a comprehensive betting platform that combines traditional sports wagering with casino games and a strong focus on eSports. They provide a modern interface for users to bet on a wide array of events, from major sports leagues to competitive video game tournaments.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | Daniel Qu, Nicholas P. Wright |
| Funding Amount | $126.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | Play Ventures, The Raine Group, Makers Fund, PvX Partners, Venrex |
Overwolf builds an open platform for developers to create, distribute, and monetize in-game apps and mods. Their framework is used by creators to develop custom overlays and other utilities that enhance the experience of popular PC games.
| Headquarters | Ramat Gan, Tel Aviv, Israel |
| Year Founded | 2010 |
| Founders | Alon Rabinovitz, Gil Or, Nir Finkelstein, Uri Marchand |
| Funding Amount | $97.2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | Andreessen Horowitz, Insight Partners, Ubisoft, Warner Music Group, Griffin Gaming Partners |
22 Additional eSports Startups Worth Following
Those top picks only scratch the surface of the growing eSports scene. Dozens of other companies are also making moves, collectively raising over $200 million for their projects.
Many are building new gaming platforms or analytics tools, and they range from early-stage ventures to more established businesses. Here’s a look at the other startups helping to define the future of competitive gaming.