A fantasy-sports startup led by serial entrepreneur Rob Phythian announced two acquisitions Monday, including an asset owned by Chicago-based Stats.
Minneapolis-based SportsHub Technologies didn't disclose terms of its deal to acquire Plymouth, Minnesota-based LeagueSafe, which makes an online payment system that collects fantasy-sports entry fees and pays out winners at the end of a season.
LeagueSafe President Paul Charchian and Phythian co-founded Fanball, a fantasy news source and management company, in 1993.
LeagueSafe will operate as a division of SportsHub and continue to be led by Charchian.
SportsHub also announced it acquired the National Fantasy Championship assets of Chicago-based sports-data company Stats. NFC runs fantasy-sports events such as the National Fantasy Football Championship and the National Fantasy Baseball Championship.
Phythian launched SportsHub earlier this year and led it through several acquisitions, including a deal to buy fantasy-sports website CDM Sports.
The company has raised at least $2.5 million in outside funding. Prior to launching SportsHub, Phythian co-founded and sold Minneapolis-based SportsData (now part of Sportradar).
The fantasy-sports market has consolidated in recent months. Last week, the two largest daily fantasy sports companies — DraftKings and FanDuel — announced plans to merge.
Click here to get the free daily Chicago Business Journal newsletter and breaking-news alerts.
(Image via Facebook)
