FanUp has raised $6.0M in total across 2 funding rounds.
FanUp's investors include Alumni Ventures, Amazon Alexa Fund, BDC Venture Capital, Danmar Capital, Energy Impact Partners, NFX, Phenomen Ventures, Relay Ventures, Tim Jackson, Accomplice VC, ENIAC Ventures, Level2 Ventures.
FanUp is a Philadelphia-based technology company founded in 2020 that builds a gamified mobile platform blending fantasy sports, esports, and pop culture contests.[1][3][4] It serves casual fans, young professionals, and gaming communities by offering interactive challenges like fantasy cash contests, crossover events (e.g., NFL/NBA blends), and social features for competing with friends, solving the problem of engaging non-hardcore users in fun, visual, prize-driven experiences.[1][3] The company has raised approximately $1M in seed funding at a $7M post-money valuation from investors like Tru Skye Ventures and Alumni Ventures Group, achieving early launches in the U.S. (e.g., NFL contests) and India (cricket/esports), with revenue around $5M.[3][4]
Note: FanUp's official site (fanup.io) describes agency services for brand promotions (e.g., instant win games, sweepstakes), which may represent an evolution or parallel offering, but core sources emphasize its fantasy gaming app (fanup.app).[2]
FanUp was co-founded in 2020 by CEO Tejas Bodiwala, passionate about social gaming for sports and esports fans, and COO Cary Weir Lytle, who brings expertise in sports, tech-culture intersections, and team performance (MBA from Bentley University).[3][4] The idea emerged from capturing the "love of the game" through visual, social content that blends pop culture with teams, players, and brands, targeting casual fans and younger demographics in the $46B U.S. sports/esports market and $2.5B Indian opportunity.[1][3] Early traction included a $1M seed round led by 9.58 Ventures and Tru Skye Ventures, U.S. launch with a Thanksgiving NFL best-ball contest, and India entry with cricket/esports, backed by all-star investors like Alumni Ventures Group.[3][4]
FanUp rides the explosive growth of daily fantasy sports (DFS), esports, and social gaming, fueled by mobile adoption, legalized betting in more U.S. states, and global esports booms (e.g., India's cricket market).[1][3][4] Timing aligns with post-2020 shifts toward interactive, social entertainment amid streaming and short-form content trends, positioning it against incumbents like PrizePicks (founded 2015) by focusing on casual, crossover play.[1] Market forces like rising fan engagement tech and investor interest in gaming (e.g., seed funding surge) favor FanUp, as it influences the ecosystem by expanding DFS to pop culture hybrids, potentially growing the $46B U.S. pie through younger demographics and international scaling.[3]
FanUp's seed momentum and U.S./India launches signal strong growth potential in social fantasy gaming, with next steps likely including app expansions, more crossover contests, and monetization via cash prizes/betting integrations.[3][4] Trends like AI-driven personalization, Web3 fan tokens, and global esports (e.g., mobile cricket in India) will shape its path, amplifying influence as a casual gateway to the $50B+ market.[1][3] Evolving from niche startup to ecosystem player, FanUp could redefine fan engagement by blending sports, culture, and squads—turning passive viewers into active communities.
FanUp has raised $6.0M across 2 funding rounds. Most recently, it raised $4.0M Seed in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $4.0M Seed | Alumni Ventures, Amazon Alexa Fund, BDC Venture Capital, Danmar Capital, Energy Impact Partners, NFX, Phenomen Ventures, Relay Ventures, Tim Jackson | |
| Dec 1, 2020 | $2.0M Seed | Accomplice VC, Alumni Ventures, Danmar Capital, ENIAC Ventures, Level2 Ventures, NFX, Phenomen Ventures |
