Draftea launched from stealth earlier this year with a DFS platform that initially hosted Mexican fantasy soccer matches and has expanded into NFL fantasy through a new partnership. The product emphasizes daily engagement and social competition rather than traditional sportsbook-style betting. The company offers multiple contest structures (head-to-head, top-20% payouts) with weekly payouts that can range from a few thousand pesos to millions. Founder Alán Jaime Misrahi, a former Mexican lower-division soccer player and Stanford MBA, leads the team as it scales hiring in engineering and product. Since its seed round in January the team grew from 34 to 70 employees; the company declined to share exact user or revenue figures but reports players growing "double digits" week-over-week and a resurgence in GMV as lineups per user have risen. Draftea is launching an “NFL by Draftea” product and is aiming to consolidate Mexico while expanding across Spanish-speaking countries and targeting major events like the FIFA World Cup. Draftea operates a daily fantasy sports (DFS) platform enabling fans to earn money using their soccer knowledge by assembling lineups of their favorite teams and scoring points from real-match actions. The app is available for Android and Apple phones and serves sports fans across Mexico. Led by CEO Alán Jaime, the company plans to expand into other sports soon. Draftea raised $4M in funding to accelerate growth. The company intends to use the proceeds to expand across Latin American markets. No other financial or user metrics were disclosed in the article. Draftea is a Spanish-language daily fantasy sports app that charges users a fee to draft lineups and compete for daily cash prizes. The platform is currently in private beta and plans to launch in the first quarter of this year, initially hosting Mexican fantasy soccer matches. The company says it aims to expand across Latin America and eventually offer fantasy games for many sports. Draftea targets the region’s roughly 350 million sports fans and positions itself as a more social, daily-focused alternative to seasonal fantasy and sports-betting platforms. The founding team includes Alán Jaime Misrahi (founder), former product and growth leads from major Latin American companies, and ex-EA Sports and Vercel engineers. Draftea has 34 employees and plans to double its headcount over the next couple months; the team is aiming to scale ahead of the FIFA World Cup in Qatar.

Total raised

$37M

Funding rounds

3

Latest round

Series A

Latest activity

Sep 2022