PrizePicks, an Atlanta, GA-based daily fantasy sports operator, secured $850K in bridge funding.
The round was led by Parlay Capital Holdings with participation from AMJ Ventures as well as a host of notable angel investors, including 15-time World Series of Poker Champion Phil Hellmuth.
The company intends to use the funds to strengthen its position, run R&D on new markets and capitalize on emerging opportunities.
Led by Adam Wexler, Founder and CEO, PrizePicks is the operator of a daily fantasy sports game. Centered around the standard over/under on fantasy score player prop predictions, it allows users to play against the projections rather than each other offering a wide breadth of sports league coverage, PrizePicks is the third product from Performance Predictions, a suite of fan engagement solutions such as SidePrize. It is available in the Apple Store and Google Play or at prizepicks.com.