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HotStreak - Series A
Overview
Funding Date
September 7, 2022
Financing amount
$9M
Valuation
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Category
About HotStreak - Series A
HotStreak announced it has brought in an additional $9 million in funding for a Series A round led by crypto-native VC firm Polychain Capital, a new investor in HotStreak.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 181 | [email protected] |
Founders & Team
Greg Dean
Company Profile / Project Introduction
HotStreak, a web3 platform for daily fantasy sports (DFS) contests, is wagering that the decentralized nature of the blockchain makes it an ideal solution for DFS platforms. HotStreak's decentralized SHARP protocol aims to tackle both sides of the issue from a payments and custody perspective by facilitating near-instant payments and handling custody of assets based on a set of rules pre-determined within the protocol itself rather than relying on counterparties to initiate payments to other players. The settlement period for payments on its platform is 10 seconds, according to the company's website.