# GridRival

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gridrival

- Industry: Software
- Headquarters: Portland, US
- Website: www.gridrival.com/
- Total disclosed funding: $3M
- Latest round: Seed (Oct 12, 2021)
- Investors on record: 2

## About

GridRival, Inc. develops engaging fantasy sports applications tailored for motorsports enthusiasts, enabling competitive gameplay and interaction through various league formats.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 raised USD 3.000 mn in Seed funding on October 12, 2021, led by KB Partners with participation from ESPT Ventures and Sharp Alpha Advisors, bringing the total amount raised to USD 3.000 mn.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's services aim to address the growing demand for engaging and interactive ways for fans to connect with their favorite motorsports, covering major series such as Formula 1, NASCAR, IndyCar, and others.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. The company maintains a focus on responsible gaming practices, ensuring compliance with regulations that govern fantasy sports activities across different states.In October 2021, GridRival, Inc raised USD 3.000 mn in Seed funding, which will be utilized to launch its first real-money games in the US and UK in 2022, while also adding additional racing series to its applications. This strategic move aims to expand their market presence and enhance user engagement.

## Funding rounds

- Seed, Oct 12, 2021, $3M — KB Partners, ESPT Ventures

## Investors

- KB Partners (https://capitalatlas.ai/funds/kb-partners) — Seed
- ESPT Ventures (https://capitalatlas.ai/funds/espt-ventures) — Seed