SportsHub Makes Acquisitions

Sun, Nov 27, 2016

Fantasy sports start-up SportsHub has acquired two companies—one that processes payments and another that collects fantasy statistics. The company launched earlier this year and has raised about $2.5 million in funding.

A fantasy sports start-up dubbed SportsHub and led by entrepreneur Rob Phythian has announced two new acquisitions to position itself in the fantasy sports market.

SportsHub Technologies, based in Minneapolis, acquired Plymouth-based LeagueSafe, makers of an online payment system that collects fantasy-sports entry fees and pays out winners at the end of a season. LeagueSafe President Paul Charchian and Phythian co-founded Fanball, a fantasy news source and management company, in 1993, according to the Minneapolis/St. Paul Business Journal.

LeagueSafe will operate as a division of SportsHub.

SportsHub has also acquired the National Fantasy Championship assets of Chicago-based sports-data company Stats. NFC runs fantasy-sports events such as the National Fantasy Football Championship and the National Fantasy Baseball Championship, the paper reported.

SportsHub launched earlier this year and has already made several other acquisitions, including a deal to buy fantasy-sports website CDM Sports, the Journal said.

The company has raised at least $2.5 million in outside funding. Prior to launching SportsHub, Phythian co-founded and sold Minneapolis-based SportsData (now part of Sportradar).

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