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eSports platform AlphaDraft secures $5m funding

21st May 2015 6:57 am GMT

AlphaDraft, a daily fantasy sports platform that combines eSports, live streaming and fantasy contests, has successfully closed a $5m institutional funding round.

The money will be used to fund user acquisition, with the company to pay out at least $5m in cash and prizes in a bid to secure 1m active users by the end of this year.

The product offering combines fantasy sports contests with the increasingly popular eSports genre, in which video game players compete [...]

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