The fantasy sports industry in Benelux has gained significant momentum, providing a thriving platform for sports enthusiasts. Companies in this space include tech startups, gaming platforms, and investment firms, all focused on using innovative technology to revolutionize how fans engage with sports. These entities offer various services, including player analytics, online draft tools, and unique game experiences that cater to a broad audience. As the industry evolves, trends point toward increased integration of blockchain technology and enhanced user experiences, promising exciting opportunities for growth and investment in the coming years, reflecting a vibrant intersection of sports and tech loyalty.


In 2024, a range of investors actively shaped the fantasy sports sector in Benelux. This list comprises venture capital and private equity firms across Luxembourg, the Netherlands, and Belgium, each with varied sizes and founding years. With a focus on innovative startups, many of these investors—operating within compact teams of 1 to 50 employees—counted numerous investment rounds, totaling over 81 deals collectively. From established players like CVC Capital Partners to newer ventures like Stake Capital, the investment scene highlights both an evolving landscape and a clear appetite for the lucrative fantasy sports market.


Top 17 Fantasy Sports Investors in Benelux


1. Magnus Capital


Magnus Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. Specializing in the cryptocurrency space, they provide investment, advisory, incubation, and market education services to help innovators bring their projects to market. Magnus Capital has been involved in several notable transactions, including a $2.5 million seed funding round for OneTo11, a blockchain gaming startup that aims to enhance the gaming ecosystem with high-quality games and governance tokens. This investment highlights their engagement in the gaming sector, which overlaps with fantasy sports. Other transactions include investments in Hxro, MetaWars, QORPO, and Sidus Heroes, all of which are related to the broader gaming and blockchain landscape, further showcasing their commitment to innovative projects in the digital space.


2. Dutch Crypto Investors


Dutch Crypto Investors (DCI Capital) is a venture capital firm based in Amsterdam, specializing in digital assets and blockchain technology. Founded in 2017, DCI Capital focuses on providing funding, strategic networking, and community building services to crypto startups. Their investment strategy emphasizes sectors like DeFi and GameFi, positioning them as a key player in the evolving investment landscape. Notably, DCI has participated in significant transactions within the gaming sector, including a $2.5 million seed funding for OneTo11, a blockchain gaming startup, and a $1.7 million seed round for Good Games Guild, a play-to-earn gaming hub. These investments highlight their commitment to supporting innovative gaming platforms that could align with fantasy sports concepts, as they aim to create engaging virtual economies and gaming experiences.


3. Fabric Ventures

  • Website: fabric.vc
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: fabricventures

Fabric Ventures is a venture capital firm based in Luxembourg, founded in 2012. The firm focuses on investing in the Open Economy, supporting early-stage companies across various sectors, including finance, gaming, and infrastructure. They provide not only venture capital but also business development support and community engagement to help startups succeed. Notably, Fabric Ventures has invested in Sorare, a leading fantasy sports platform that raised $10 million in a seed round in July 2020. They also participated in the funding of SorareData, a data application for tracking player performances, which raised €2 million in September 2023. These transactions highlight Fabric Ventures' active role in the fantasy sports industry, making them a relevant investor in this space.


4. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity investment firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has made significant investments in the sports industry, including a notable acquisition of a majority stake in Tipico Group, a leading sports betting operator in Germany, which highlights their focus on the gaming and betting sectors. Additionally, CVC has invested in various sports organizations, such as Premiership Rugby, Liga de Futbol Profesional, and Six Nations Rugby, raising substantial funds in private equity rounds. These transactions reflect CVC's strategic approach to delivering sustainable value and growth through investments in the sports sector, which is closely aligned with the interests of fantasy sports.


5. Maven 11

  • Website: maven11.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: maven11

Maven 11 is a venture capital firm based in Amsterdam, specializing in blockchain and distributed ledger technology. Founded in 2015, the firm has made significant strides in the investment landscape, particularly in the crypto space. They provide not only capital but also active support to founders, helping them navigate the complexities of the market. In 2024 alone, Maven 11 has made 27 investments, showcasing their active role in the industry. Among their notable transactions, they invested in PoolTogether, which raised $5,950,000 in a Series A round in 2021, a platform that gamifies savings through a lottery system. They also participated in the funding of Lava Labs, which is developing a game called AFAR, indicating their interest in gaming ventures. These investments highlight Maven 11's commitment to supporting innovative projects that could intersect with the fantasy sports sector, particularly as gaming and blockchain technologies converge.


6. Stake Capital Group

  • Website: stake.capital
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2021
  • Headcount: 11-50
  • Number of deals in 2024: 12
  • LinkedIn: stake-capital

Stake Capital Group is a venture capital firm based in Luxembourg, founded in 2021. The firm specializes in blockchain and DeFi technologies, providing asset management and investment advisory services to businesses in the technology and finance sectors. Notably, Stake Capital has participated in several significant transactions relevant to the fantasy sports industry, including a $4.5 million seed round for Eterlast, a company dedicated to launching Web3 games for sports fans. They also invested in Earn Alliance, which raised $4.75 million, further indicating their commitment to projects that may intersect with gaming and sports. Their involvement in these transactions highlights their strategic interest in the evolving landscape of fantasy sports and gaming.


7. Peech Capital

  • Website: peech.capital
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 1-10
  • LinkedIn: peech-capital

Peech Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2021. The firm specializes in the cryptocurrency and blockchain sectors, providing early-stage capital as well as marketing, technical, and business development services to innovative start-ups. Notably, Peech Capital has participated in several funding rounds for projects that intersect with the gaming and fantasy sports industries. For instance, they were involved in the funding of MetaSoccer, which raised $1.8 million and is a game that incorporates fantasy sports elements. Additionally, they participated in the funding of Continuum World, an NFT game that also aligns with gaming interests. Their investments in these projects highlight their engagement with the evolving landscape of digital sports and gaming, making them a relevant player in the fantasy sports investment space.


8. Flow Ventures


Flow Ventures is a venture capital firm based in Randstad, Netherlands, specializing in early-stage investments primarily in the blockchain and decentralized finance sectors. The firm aims to accelerate the digital revolution by fostering long-term partnerships with its portfolio companies, providing both capital and strategic advisory services. Notably, Flow Ventures has participated in several significant transactions relevant to the gaming and fantasy sports context, including a $3.2 million investment in Arcade2earn, a platform that merges gaming with earning potential, and a $4 million investment in Vorto Gaming, which focuses on gaming innovations. These investments highlight Flow Ventures' commitment to supporting startups that could intersect with the fantasy sports industry, particularly as gaming and fantasy sports continue to evolve and integrate new technologies.


9. LeanSquare

  • Website: leansquare.be
  • Type: Venture Capital
  • Headquarters: Belgium
  • Founded year: 2014
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: leansquare

LeanSquare is a venture capital investment fund based in Belgium, founded in 2014. The firm specializes in supporting innovative projects across various sectors, including the Cultural and Creative Industries, Enterprise Software, and Life Sciences. LeanSquare aims to provide financial investment, expertise, and networking opportunities to mature startups seeking growth. Notably, LeanSquare has participated in several transactions relevant to the fantasy sports industry. In November 2023, they invested in CityLegends, a company that is enhancing its marketing efforts in the sports sector and expanding into the U.S. market. Additionally, they were involved in a funding round for Raw Stadia in December 2023, a sports tech company focused on the NFL market, which is directly related to fantasy sports. These investments highlight LeanSquare's engagement in the sports tech landscape, making them a relevant player in the fantasy sports investment space.


10. Sparkle Ventures


Sparkle Ventures is a venture capital firm based in Luxembourg, founded in 2021, that specializes in investing in equity and tokens to support technologies in Web 3.0 and the Metaverse. The firm targets technology companies and startups, providing them with the necessary capital to scale their operations. Notably, Sparkle Ventures participated in the Series A funding round for Immortal Game, which raised $12 million to develop a blockchain-based platform for chess players, indicating their interest in gaming and competitive platforms. They also invested in Helika, which raised $8 million to accelerate the launch of AI-powered Game Management products, further showcasing their engagement in the gaming sector. Their involvement in these transactions highlights their potential relevance to the fantasy sports industry, as they support innovative gaming technologies.


11. Archi'media

  • Website: archimedia.com
  • Type: Corporate
  • Headquarters: Fernelmont, Wallonia, Belgium
  • Founded year: 2003
  • Headcount: 1-10
  • LinkedIn: archi%27media

Archi'media is a corporate investment firm based in Fernelmont, Wallonia, Belgium, founded in 2003. The firm specializes in the creation and investment in world-class consumer brands, focusing on brand development and consulting services primarily for businesses in the consumer goods and luxury sectors. Notably, Archi'media has invested in Sorare, a leading fantasy sports platform that raised $48.6 million in a Series A funding round on February 25, 2021. This investment highlights their interest in the intersection of consumer engagement and technology within the fantasy sports realm. Additionally, they have been involved in other ventures such as Spyscape and Pollen VC, although these are not directly related to fantasy sports. Overall, Archi'media's portfolio reflects a strategic approach to investing in innovative consumer experiences, including fantasy sports.


12. Peak

  • Website: peak.capital
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: peak-capital

Peak Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2008. They specialize in investing in early-stage companies within the SaaS, marketplace, and platform sectors, providing funding and support to help these businesses scale. Notably, they have invested in Heja, a youth sports management social platform, which raised $4.2 million in a seed round led by Peak. This investment highlights their engagement in the sports sector, particularly in platforms that enhance youth sports management. Additionally, Peak has participated in various funding rounds for other companies, such as Mibo, a social meeting platform, and Media Distillery, showcasing their diverse investment portfolio while maintaining a focus on innovative founders and growth potential.


13. LUMO Labs

  • Website: lumolabs.io
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: lumo-labs

LUMO Labs is a venture capital firm based in Eindhoven, North Brabant, Netherlands, founded in 2016. The firm specializes in impact-driven investments in emerging technologies, providing funding and tailored support programs to early-stage startups that address social and environmental challenges. Their focus areas include AI and Blockchain technologies. Notably, LUMO Labs participated in a seed funding round for CityLegends, which raised close to €1 million in November 2023. CityLegends aims to enhance its marketing efforts and expand its user base, indicating a strategic interest in the sports tech sector. This involvement highlights LUMO Labs' potential relevance to the fantasy sports industry, as CityLegends operates within this domain. Additionally, LUMO Labs has been involved in other transactions, but the connection to fantasy sports is primarily through CityLegends.


14. 7GC & Co

  • Website: 7gc.co
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: 7-global-capital

7GC & Co. is an investment management firm based in Luxembourg, specializing in growth-stage internet businesses. Founded in 2016, the firm manages approximately $400 million in assets and focuses on facilitating access to European markets for US tech companies. Among their notable transactions, they participated in a $10 million venture round for Lucra Sports, a company that operates in the fantasy sports space, indicating their engagement with this industry. Additionally, they were involved in the Series D funding round for Jackpocket, a company that provides a platform for lottery ticket purchasing, which, while not strictly fantasy sports, is related to gaming and could appeal to a similar audience. Their investment in Cheddar, a media company, further showcases their diverse portfolio, but the key focus remains on their engagement with companies like Lucra Sports that are directly tied to fantasy sports.


15. Waterland Private Equity


Waterland Private Equity Investments B.V. is a private equity firm based in Bussum, North Holland, Netherlands, founded in 1999. The firm specializes in growth equity investments and partners with ambitious entrepreneurs and management teams to support their growth strategies through strategic planning and operational assistance. Waterland focuses on various sectors, including healthcare and sustainability, but has also made significant inroads into the gaming industry. Notably, they have acquired Napoleon Games Group and Krijco Amusement BV, both of which are involved in the gaming sector. These acquisitions highlight Waterland's commitment to strengthening its position in the gaming market, which is relevant to the fantasy sports industry. Their diverse portfolio and strategic investments suggest a potential interest in the gaming landscape, including fantasy sports.


16. Maor Investments


Maor Investments is a venture capital firm based in Luxembourg, founded in 2017, that specializes in investing in revenue-generating Israeli technology companies. They provide advisory services and facilitate connections between startups and European corporates, bridging the gap between Israeli innovation and European markets. Notably, Maor Investments has participated in significant funding rounds for companies relevant to the fantasy sports industry. They invested in Minute Media, which raised $40 million in 2020 and is the parent company of DBLTAP, a platform that focuses on esports and fantasy sports content. Additionally, they were involved in a $23 million Series C funding round for WSC Sports, a company that enhances sports engagement through video highlights and analytics, further connecting them to the fantasy sports ecosystem.


17. M Ventures

  • Website: m-ventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: merck-ventures

M Ventures is a venture capital fund based in Amsterdam, Netherlands, founded in 2009. The firm specializes in investing in transformative ideas within the biotechnology and technology sectors, with a strong focus on healthcare, life sciences, and advanced technology. M Ventures collaborates closely with entrepreneurs to drive innovation and growth in their portfolio companies. Notably, they have made investments in companies relevant to the fantasy sports industry, such as FanAI, which raised $2.5 million in a seed round in 2018 and focuses on fan engagement analytics. They also participated in funding for Mighty Bear Games, a mobile gaming studio, indicating their interest in the gaming sector, which often intersects with fantasy sports. These transactions highlight M Ventures' commitment to supporting innovative companies that enhance the gaming and sports experience.



Fantasy Sports Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Magnus CapitalAmsterdam, North Holland, Netherlands11-5020176
Dutch Crypto InvestorsAmsterdam, North Holland, Netherlands1-10201713
Fabric VenturesLuxembourg11-50201216
CvcLuxembourg1001-5000200516
Maven 11Amsterdam, North Holland, Netherlands11-50201527
Stake Capital GroupLuxembourg11-50202112
Peech CapitalAmsterdam, North Holland, Netherlands1-1020210
Flow VenturesRandstad, Netherlands1-101
LeanSquareBelgium1-1020143
Sparkle VenturesLuxembourg1-1020213
Archi'mediaFernelmont, Wallonia, Belgium1-1020030
PeakAmsterdam, North Holland, Netherlands11-5020088
LUMO LabsEindhoven, North Brabant, Netherlands11-5020165
7GC & CoLuxembourg1-1020162
Waterland Private EquityBussum, North Holland, Netherlands201-50019997
Maor InvestmentsLuxembourg11-5020173
M VenturesAmsterdam, North Holland, Netherlands11-50200918


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