Daily fantasy sports (DFS) operator and B2B provider Oulala.com has revealed that it has managed to raise an amount of just under €1.4 million ($1.5 million) in its latest Funding Round that was led by private investors.
The company intends to use the raised funds in order to gain more traction on the B2B sector as well as to strengthen its leading position as the first daily fantasy sports network to specialize in European football.
Benjamin Carlotti, Managing Director of Oulala, commented on its latest Funding Round by saying that the daily fantasy sports market is currently experiencing a consistent and rapid growth in Europe, which was confirmed by the strong interest from investors during this latest funding round. Carlotti went on to say that they are extremely confident that DFS is poised for a solid growth next year and that 2017 will be the year of Oulala.
With the market becoming so reactive to DFS, it was necessary for the Malta-based company to restructure its Sales/Business development department by appointing two senior collaborators.
Oliver Niner, a former business development manager at Marathonbet, will take on the role of Business Development Director while Anthony Medica, who was previously linked with Summit of iGaming Malta (SIGMA) and Sports Betting Community has been appointed as Sales Director. Oulala won the “Data and Business Intelligence 2016 Idol of the Year” award at the iGaming Idol Awards and was also awarded the award for “Best Fantasy Sports Product” at the SBC Awards ceremony. Its co-founders Valery Bollier and Benjamin Carlotti were recognized at Tech Ambassadors for Malta by the Malta Communications Authority.