Sports app

Fantasy Sports App Sleeper Raises $40M, Doubles Userbase in 2021

Sleeper has taken the fantasy sports world by storm since the launch of fantasy leagues in 2018. In 2021, the company not only more than doubled its user base, surpassing 3 million active users, but it ranks now in the top 50 user retention rankings. app store. According to the CEO of Sleeper, Nan Wangwhen people enter the fantasy sports world of Sleeper, they stay and engage.

“Our mission from day one has been to bring people together through sport and that’s what we see happening in our app. Typically, when a product doubles its user base, engagement goes down. This has not been the case for Sleeper. As we exceeded our own growth expectations this year, our engagement has increased. Sleeper is more than a fantasy sports app, it’s a place to hang out with your friends, and that’s why our users stay active and keep coming back.”

General Partners David George and Andre Chen co-led the investment on behalf of Andreessen Horowitz. In addition, all existing core investors also participated in the round. Notable angel investors including current and former NBA athletes Klay Thompson (Thompson Family Foundation); Shane Battier; and Baron DavisNFL cornerback byron jonessports commentator Ros Gold-Onwude, co-founder of Twitch and Gold House Kevin Linco-founder of NerdWallet Tim Chenand the co-founders of Thirty Five Ventures Rich Kleiman and Kevin Durant are also investors in the company.

“Sleeper’s multiplayer experience is all about helping sports fans connect with their friends, which leads to strong engagement, retention, and organic growth, similar to what we see on social apps.“, said Andre Chen, general partner of Andreessen Horowitz and member of the board of directors of Sleeper. “I am delighted that my partners leading the a16z growth fund wanted to invest more as the Sleeper team builds the must-have sports community.”

Looking ahead, Sleeper will continue to expand game offerings on its platform and is in the process of creating a new feature called Wallet that will allow users to sync their preferred payment methods with the platform. According to Wang, all Sleeper users are currently transacting with each other in one way or another off-platform, and Wallet will bring all sports-related transactions to the platform, allowing Sleeper to monetize in a way natural.

“Very few social apps can directly integrate users’ wallets, but by helping solve a natural problem, we can also introduce payments to the platform in a way that further extends our ability to create exciting new experiences. for the next generation of fans.”

ABOUT THE SLEEPER

Sleeper is a fantasy sports app focused on bringing people together through sports and games. With fantasy leagues spanning the NFL, NBA, college basketball, and League of Legends, Sleeper has become the fastest growing organic fantasy platform in the world, while achieving some of the highest levels of engagement per user. high in the industry. At Sleeper, it’s not just about sports; it’s about creating personal connections and lasting memories.

For more information on Sleeper, visit www.sleeper.app or follow the conversation on Twitter via @SleeperHQ and on Instagram via @playsleeper.

SOURCE Sleeper

Related links

www.sleeper.app