SCOTTSDALE, AZ, StatHero announced a multi-million round of seed funding from Chicago-based family office Breslow Forsythe Group, LLC.
StatHero, a multi-day survivor-based fantasy sports platform, announced a multi-million round of seed funding from Chicago-based family office Breslow Forsythe Group, LLC. The funds will be used for gameplay development and advanced marketing to build the brand and expand StatHero's rapidly growing user base.
"StatHero's mission is to take the time, commitment, and complexity out of DFS and provide a simpler game, better value and an improved experience for our users," said StatHero CEO Jason Jaramillo. "We see a unique opportunity in the market to provide users who are frustrated with consistently losing on traditional daily fantasy games with a game that is actually designed for them to win. This seed funding is essential to helping us acquire the tools and resources we need to reach players looking for a superior alternative in this highly competitive industry."
StatHero is a new daily fantasy site that combines the instant gratification of daily fantasy with the longevity value users can obtain from survivor pools. The user wins more the longer they survive. Officially launched in August 2020, StatHero currently has survivor-style games for the NFL, NBA, MLB, NASCAR and PGA.
"We could not be more excited about our decision to partner with StatHero," said Robert A. Breslow, co-owner of Breslow Forsythe Group. "Not only did we invest in an incredible platform that has the potential for massive scalability and growth, but we are working with a powerhouse team that is dedicated to making StatHero a major player in the DFS industry."
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