FanDuel founder and Sequoia bet on Spanish-language fantasy sports app Draftea

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Founder Alan Jaime Misrahi grew up devoted to football, eventually playing in Mexico’s Third Division. Jaime Misrahi told Nerdshala in an interview that although he may not necessarily have made it to the “big leagues” that play the game, his new company, Draftia, aims to win over 350 million sports fans in Latin America.

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Draftia, which calls itself the first daily fantasy sports company in Spanish-speaking Latin America, today emerged from stealth mode with the participation of Sequoia, Bullpen, and Nigel Ackles, founder and former CEO, led by Kaszek for $13.2 million. On the heels of K fundraise. Sports-betting giant FanDuel. Eccles serves as the chairman of the board at Draftea.

Sequoia’s first investment in a company headquartered in Mexico comes half a year after the venture capital firm announced plan To double the opportunities in Latin America.

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Draftia’s app charges sports fans a fee to draft a lineup of players and compete to win daily cash prizes. The platform, currently in private beta mode, will launch sometime in the first quarter of this year. It will host Mexican fantasy soccer matches first, although Jaime Misra said the company aims to eventually add offerings until it hosts fantasy sports for “every single sport in the world”.

Various screens on the Draftia app. image credit: draftia

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“When you think of an area where football is almost a religion, where people come together for sports-related activities, where stadiums are full, where people enjoy [sports] As a family tradition, where people are talking about sports and fantasy in multiple WhatsApp groups – we want to bring all that together,” Jaime Misrahi said of Latin America.

While sports betting platform Like Beatrice of Costa Rica Already popular in the region, Jaime Misrahi said that Draftia is “much more a social platform” by comparison. It differentiates itself by offering daily games and interactions that reflect real-world sports events, in contrast to the less-frequent games hosted by seasonal fantasy platforms.

In addition to Jaime Misrahi, the main founding team includes Alejandra Lascurain, former Product Head at Neobank, Mexico’s largest; Miguel Gutierrez-Barquin, who previously led development at Rappi; Joe Cohen, former head of engineering at Versailles; and Andreas Assad, who worked at EA Sports. Jaime Misrahi said that Draftea has a total of 34 employees today and plans to double the size in all key areas over the next few months.

Alan Jaime Misrahik, Founder and CEO of Draftia

Draughtia’s founder and CEO, Alan Jaime Misrahi. image credit: draftia

The team is looking forward to this November’s FIFA World Cup in Qatar, which is expected to be the biggest live sports event around the world this year.

“Our goal is, by then, to have an amazing product, launched in several countries in Latin America, and hundreds, if not thousands, or even millions of users connected to our platform,” Jaime Misra said.

Sequoia’s Constantine Bühler met Jaime Misrahi through a mutual relationship at Stanford, where Jaime Misrahi completed his MBA last year. Buehler led in part to Sequoia’s investment in Draftia, in part because he felt that Jaime Misrahi exemplified a “founder-market fit” because of his passion for the game and experience as a professional soccer player, Buhler said in an email. I told Nerdshala.

“It all comes down to customer love,” Buehler wrote. “Drafta LATAM has a first of its kind community for sports fans where they can be heroes in their favorite sports. We are confident that Allen and the team will quickly capture the hearts of fans in Mexico and then other countries for the World Cup Will expand in

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