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Rotohog raises $2m for white-label fantasy sports games
TechCrunch reports that RotoHog has raised $2 million to expand its fantasy sports business internationally.
RotoHog operates and develops custom branded fantasy sports games for clients such the NBA.com, LG Electronics, GoDaddy.com, Pro Football Weekly, and Turner Digital.
The company has raised a total of $11.6 million and this recent round (called Series B) was from existing investors Mission Ventures and DFJ Dragon. DFJ Dragon Fund is run in partnership with Draper Fisher Jurvetson and invests in early-stage, high-growth, China-centric technology companies.
I confess to having no inside track on this one, but a $2m Series B compared with a $8 million Series A seems odd to me. Could this be a downround to make up for RotoHog needing more breathing space to make its numbers?