Vulcun Offering $1 Million Fantasy eSports Prize Pool
Fantasy sports have become extremely popular in the US with daily fantasy sports becoming the most commonly played. Companies like FanDuel and DraftKings are already worth multi-millions by being the leaders in paid daily fantasy sports. Vulcun, a company founded by former pro eSports players, is now offering daily fantasy eSports in games such as League of Legends.
As of February 2015, Vulcun.com, the largest Paid Fantasy Sports website for League of Legends, is announcing a new $1 Million Prize Pool for the 2015 LCS Season. This represents a 400% increase from Vulcun’s initial prize pool of $250K announced just 4 weeks ago when they launched.
Founders Ali Moiz & Murtaza Hussain are Internet veterans, with more than 30 years of combined experience in starting and running Internet start-ups. Moiz says “We expected this milestone to take us a year to get to when we launched just 3 weeks ago. But the response from the LoL community has been so tremendous that it has blown us away and many of which enjoy the best LoL skins so I have heard from people. I am deeply humbled and grateful to the community for making Vulcun the the #1 place where they choose to play Fantasy League of Legends. We’re growing 30% each week.”
How does it work? The site features daily free & paid contests in the salary-cap format. A user acts as a team’s manager, creating a roster of their favorite players within a limited team budget. Their roster then competes against everyone else’s rosters on a daily basis, netting them cash from the thousands available daily. The site currently features EU and NA LCS games.
Vulcun has raised $1.3 million in funding from top-tier Silicon Valley investors including eVentures, Battery Ventures and 500Startups. Moiz adds “We promise to re-invest every single dollar we make into giving back to the eSports community. 3 weeks ago we promised you we’d get you to $1 million in prizes. Today, we’ve kept that promise. What’s next? With your support, $10 Million.”