GridRival
Latest round
- Seed
Last raised
- Oct 2021
Total raised
- $3M
Investors
- 2
About GridRival
GridRival, Inc.Founded in 2019 and headquartered in Portland, US, GridRival, Inc. focuses on fantasy sports, particularly in motorsports. The company was founded by Ross Fruin, who also serves as CEO.GridRival specializes in fantasy sports applications, particularly focused on motorsports. The company’s primary offerings include season-long fantasy leagues, daily fantasy contests, and a unique 'Picks' game that allows users to predict race outcomes. These platforms cater to motorsport enthusiasts, enabling them to engage in competitive gameplay against friends or the broader user base. Users can join public leagues or create private leagues tailored to their friends, enhancing social interaction through shared gaming experiences. The applications are available on both iOS and Android platforms, serving a diverse customer base across the United States, where fantasy sports have gained substantial popularity.GridRival generates revenue primarily through its fantasy sports offerings, which include subscriptions to premium features and entry fees for cash contests. Users participate in various gaming formats, including season-long leagues and daily fantasy tournaments, where they can win monetary prizes based on their performance. The transaction structure is designed to facilitate direct-to-consumer engagement, allowing participants to enter contests for a fee in exchange for the chance to win payouts that can reach up to 100 times their entry amount. By leveraging their expertise in motorsports gaming, GridRival aims to attract a dedicated user base willing to invest in their gaming experience, enhancing customer retention and driving ongoing revenue. This strategic move aims to expand their market presence and enhance user engagement.
Who invested in GridRival
2 investors across 1 round
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Funding rounds
Seed
Oct 12, 2021
Amount
$3M
Investors
Questions about GridRival
Who invested in GridRival?
GridRival has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has GridRival raised?
GridRival has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did GridRival last raise money?
GridRival's most recent round on record is a Seed, in Oct 2021.
What does GridRival do?
GridRival is a software company.
Where is GridRival headquartered?
GridRival is headquartered in Portland, US.
Which VCs invest in companies like GridRival?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at GridRival's stage. Their profiles are linked below.
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