What is Sleeper?
Sleeper is a rapidly expanding fantasy sports application designed to foster community engagement through sports and gaming. Offering leagues for the NFL, NBA, college basketball, and League of Legends, Sleeper has distinguished itself as the fastest organically growing fantasy platform globally. It boasts exceptionally high user engagement rates, positioning itself not merely as a sports platform but as a social hub for building connections and creating memorable experiences. The company's focus on user interaction and diverse league offerings has been a key driver of its success and appeal to a broad audience.
How much funding has Sleeper raised?
Sleeper has raised a total of $67.3M across 4 funding rounds:
Angel/Seed
$2M
Series A
$5.3M
Series B
$20M
Series C
$40M
Angel/Seed (2017): $2M with participation from Birchmere Ventures and Expa
Series A (2019): $5.3M led by General Catalyst
Series B (2020): $20M supported by Baron Davis, Thirty Five Ventures, Andreessen Horowitz, Kevin Lin, and JuJu Smith-Schuster
Series C (2021): $40M featuring Rich Kleiman, Andreessen Horowitz, Byron Jones, Kevin Durant, Kevin Lin, Klay Thompson, Ros Gold-Onwude, Shane Battier, Tim Chen, and Baron Davis
Key Investors in Sleeper
Birchmere Ventures
Birchmere Ventures is a venture capital firm known for supporting innovative startups across various sectors, including social gaming platforms like Sleeper.
Expa
Expa is a venture studio founded by Uber co-founder Garrett Camp, dedicated to helping entrepreneurs launch new companies by providing capital, office space, and a strong network.
General Catalyst
General Catalyst is a venture capital firm that invests in transformational business opportunities, partnering with entrepreneurs to accelerate growth and build enduring enterprises across technology, healthcare, and financial services.
What's next for Sleeper?
With its latest major strategic investment, Sleeper is poised for accelerated expansion and further product development. The substantial capital infusion is expected to fuel enhancements to its platform, potentially broadening its fantasy sports offerings and exploring new gaming verticals. This funding round signals a strong confidence from investors in Sleeper's business model and its capacity to capture a larger share of the digital sports entertainment market. Future initiatives will likely focus on deepening user engagement, expanding its competitive edge through technological innovation, and solidifying its position as a leader in the fantasy sports and gaming industry.
See full Sleeper company page
