FSport has been registered since 2013 and it operates within the fast-growing game segment DFS, which stands for Daily Fantasy Sports. The term basically means that 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.

During 2019 basketball, which was able to be wagered on through the famous Bookies Near Me, and e-sports games, as well as shares, will be added. The plan is to go to the stock exchange at the end of the year or the beginning of the next year.

“We are planning a stock championship. […] The game works in a way that you take out a portfolio of five shares and compete in the largest percentage dividend”, says product owner and co-founder Filip Martell to Rapidus.

The names of the recent investors are not public, but Martell stated that several professional poker players are among them.

The capital investment will primarily go to marketing and technology development to integrate the games with the gaming operators. The startup has also recently concluded an agreement with two platform suppliers – British Betconstruct and the Belgian Ardent Group – with a total of over 250 gaming operators under it.

“We have about 4,000 Swedish customers and a couple of hundred active Swedish players in every game package that would like to jump on”, says Filip Martell about the license from the Gaming Authority that the startup awaits.

FSport currently employs 14 people, including ten in Helsingborg. The company states that it had a gaming turnover of 1.7 million euros in 2018, but continues to show red figures, since the reported loss of over 800 000 euros in 2017.

Source: Rapidus.

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The startup operates in the genre of Daily Fantasy Sports, originally an American phenomenon in which the user acts sports director and chooses his fictional dream team, whose results are determined by the actual players’ performance in matches and competitions. Games that FSport have released are within such sports such as football and golf, which may include a golf simulator. The reason that the game has become so popular in the United States is that it has been one of the few legally online games where users earn money.

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According to FSport’s CEO Hampus Hägglöf, the money is raised from a series of business angels.

“We have held an open dialogue with our existing shareholders, but the lion’s share of these twelve million kronor comes from new shareholders,” says FSport’s CEO Hampus Hägglöf to Rapidus.

The startup has had a lot of activity the last year, releasing a new trotting game and in the fall as well as an ​​ice hockey game. The investment will be used to grow further and also to comply with the increased administration that online gaming for money faces in Sweden from 2019.

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