Boomtown grad FansUnite acquired by Fantasy 6 Sports

BOULDER — The cofounders of FansUnite came to Boulder for the Boomtown startup accelerator happy to refine their business model in hopes of attracting venture capital. Little did they know then that the mentor who would introduce them at Boomtown’s culminating demo day in April would just a few months later become much more.

Vancouver, B.C.-based FansUnite — which provides an online community where users can place fantasy sports bets using virtual currency — announced this week that the company had been acquired by Fantasy 6 Sports of Canada for $2 million.

After graduating Boomtown, FansUnite cofounder and CEO Darius Eghdami said in a phone interview Friday that he’d been talking to Fantasy 6 CEO Shafin Diamond Tejani — who made that Boomtown intro — about investing when the conversation turned toward an acquisition.

SPONSORED CONTENT

Business Cares: April 2024

In Colorado, 1 in 3 women, 1 in 3 men and 1 in 2 transgender individuals will experience an attempted or completed sexual assault in their lifetime. During April, we recognize Sexual Assault Awareness Month with the hopes of increasing conversations about this very important issue.

Fantasy 6 is a publicly traded company that produces games and contests for sports fans around the world.

“It wasn’t an easy decision but one we thought was the right decision for us,” Eghdami said.

Founded in 2012, FansUnite makes money by selling subscriptions to data on top sports bettors’ picks, which the users can then use to inform their own real-money betting on other sites if they so choose.

Eghdami declined to disclose revenue for his company, but the firm boasts more than 100,000 registered users.

FansUnite will operate as a wholly owned subsidiary of Fantasy 6, with Eghdami and cofounders Duncan McIntyre and Nicolas Shuster continuing to run the company.

“We just get (Fantasy 6’s) community and their resources to help grow our business,” Eghdami said.