Funding

Numberfire, Data Science for Fantasy Sports, Raises $650 K. Seed Round From RRE, David Tisch, Eliot Durbin

No actual footballs were harmed in making of this startup

This is our second funding scoop of the day. Who wants to make it a hat trick?

Numberfire is a New York startup company taking an algorithmic approach to crunching data, helping fantasy sports nuts find the best players at the lowest prices. Founder and CEO Nik Bonaddio got his first $100,000 in seed capital from Regis Philbin, after starring in an episode of Who Wants to Be a Millionaire.

Nothing against Regis, but the company has now put together a slightly more tech savvy group of investors. Numberfire, a graduate of the recent ER Accelerator program, has raised a $650,000 seed round from investors that include RRE Ventures, Pennyblack’s Eliot Durbin and TechStars David Tisch. Read More

Demo Daze

Knights of the Roundtable: ER Accelerator Demos Long, But Compelling

Steve Gutentag from Sitesimon.

Betabeat moseyed up to Murat Aktihanoglu, the accented managing director of Entrepreneurs Roundtable Accelerator, after the program’s demo day this morning in a basement auditorium at NYU’s Stern School of Business. He had the overwhelmed, flushed face of a proud parent. “Oh, it was amazing,” he said, eyes widening. ERA put its ten startups through 1,500 meetings, he had calculated, and all the companies have users and 80 percent have revenue. One of them had just signed up 35 cities and two Dubai landmarks: the biggest mall in the world, which serves 47 million visitors, and the Burj Khalifa, the tallest building in the world.  Read More