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§ Private Profile · 555 5th Ave, New York City, New York, 10017, United States
PredictionStrike is a technology company.
PredictionStrike operates a unique sports stock market platform, enabling users to buy and sell virtual shares of professional athletes. This system allows fans to invest in individual player performance, with share prices fluctuating based on real-time statistics and projected future outcomes. The platform provides a dynamic environment for fan engagement, transforming passive spectatorship into an active investment experience in the sports economy.
The company was co-founded in 2019 by Deven Hurt, who serves as CEO, and Brad Chabra, the COO. Growing up together as best friends, Hurt and Chabra conceived PredictionStrike from their shared passion for sports and a desire to create a more direct, financially engaging connection to athletic performance. Their insight centered on building a structured financial market around individual athlete value, an infrastructure they noted was missing in traditional sports engagement models.
The product caters to sports enthusiasts and fans seeking a novel way to interact with their favorite athletes beyond conventional fantasy leagues. PredictionStrike's long-term vision is to establish a comprehensive financial market where individual athlete performance can be directly traded, allowing fans to monetize their predictive insights and truly make it "pay to be a fan." The company aims to evolve the landscape of sports fandom into a more interactive and financially rewarding ecosystem.
PredictionStrike has raised $16.7M across 4 funding rounds.
PredictionStrike has raised $16.7M in total across 4 funding rounds.
PredictionStrike has raised $16.7M across 4 funding rounds. Most recently, it raised $10.0M Series A in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2023 | $10M Series A | Bullpen Capital | MAC Venture Capital, MetaProp Ventures, Jonathan Wasserstrum, Correlation Ventures, Elevate Capital, Gaingels, HighSage Ventures, Sixty8 Capital | Announced |
| Oct 1, 2022 | $3M Seed | MAC Venture Capital | MetaProp Ventures, Jonathan Wasserstrum, Sixty8 Capital | Announced |
| Sep 8, 2021 | $1.7M Venture Round | — | Marlon Nichols, Ivan ALO | Announced |
| Sep 1, 2021 | $2M Seed | — | Cake Ventures, MAC Venture Capital, MetaProp Ventures, NEW AGE Capital, NewAge Capital, NFX, XFactor Ventures, Alina Tioupikova, Drew Koven, Jonathan Wasserstrum, Julie Mcdermott, Sergio Marrero | Announced |
PredictionStrike is a technology company that operates a fantasy sports stock market platform, allowing users to buy and sell virtual shares of professional athletes across major sports leagues such as the NFL, NBA, MLB, and UFC. The platform transforms sports fandom into an investment-like experience where share prices fluctuate based on player performance and market demand, enabling users to leverage their sports knowledge to potentially earn real money without traditional gambling risks. It primarily serves sports enthusiasts and fantasy sports players seeking a skill-based, portfolio-driven way to engage with athlete performance data. PredictionStrike has demonstrated strong growth, processing over $60 million in transactions and attracting more than 175,000 users, with transaction volume growing over 200% year-over-year[1][2][5].
PredictionStrike was founded in 2018 by childhood friends Deven Hurt and Brad Chabra. Deven Hurt, a bioengineering major, envisioned creating a platform that would allow sports fans to monetize their expertise in a way distinct from gambling, emphasizing skill and knowledge of the game. The idea emerged from the founders’ desire to bridge sports fandom with financial market mechanics, offering a long-term, portfolio-based approach to sports engagement. The company launched a public beta in 2019, and despite challenges like the pandemic pause in sports, it experienced significant growth as fans sought new ways to engage during fanless seasons. The company has since evolved by improving its marketplace algorithm, user interface, and expanding its sports coverage[2][4][5].
PredictionStrike rides the convergence of sports fandom, fantasy sports, and fintech innovation, capitalizing on trends like gamification, data-driven decision-making, and the rise of skill-based gaming platforms. The timing is favorable due to increasing consumer appetite for interactive, skill-based entertainment alternatives to traditional gambling, alongside advances in real-time sports data analytics. Market forces such as the growth of fantasy sports, expanding sports betting legalization, and the popularity of digital asset trading support PredictionStrike’s model. The company influences the broader ecosystem by pioneering a novel category that blends sports analytics with investment mechanics, potentially shaping how fans engage with sports and athlete performance in the future[1][2][3][5].
PredictionStrike is poised to expand its presence in major sports markets and deepen user engagement by enhancing its platform features and broadening sports coverage. Future trends shaping its journey include the continued legalization and regulation of skill-based gaming, advances in AI-driven sports analytics, and growing demand for immersive fan experiences. As it scales, PredictionStrike may influence the evolution of sports entertainment by further integrating financial market principles with fan participation, potentially becoming a mainstream platform for sports investment. Its success will depend on maintaining market liquidity, regulatory compliance, and continuing to innovate user experience to sustain growth and user trust[5].
PredictionStrike has raised $16.7M in total across 4 funding rounds.
PredictionStrike's investors include Bullpen Capital, MaC Venture Capital, MetaProp Ventures, Jonathan Wasserstrum, Correlation Ventures, Elevate Capital, Gaingels, HighSage Ventures, Sixty8 Capital, Marlon Nichols, Ivan Alo, Cake Ventures.