Vylo
Offers a social-news hybrid solution to address an ever-growing societal void – that of meaningful debate and conversation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | $2.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Vylo Inc., doing business as Arena, operates a multifaceted sports-centric application designed as a comprehensive hub for fans. The company was founded in 2021 by Tyler Reynolds, who serves as CEO, and Daniel Lippert. Its journey began in 2023 when two friends with backgrounds in sports and media conceptualized a new kind of social platform for sports enthusiasts. Vylo secured $2 million in a seed funding round in January 2023, with Kleiner Perkins leading the investment.
The platform, marketed as 'The Sports Super App,' integrates several features to create a 360-degree experience for its users. At its core, the business offers daily fantasy sports (DFS) contests, specifically 'Player Pick 'Em' games where users predict player performance across a variety of sports including the NFL, NBA, MLB, NHL, golf, soccer, and tennis. This gaming component is supplemented by a robust content ecosystem. The app aggregates breaking news, trade updates, and headlines from major sports publishers, allowing users to stay informed without leaving the platform.
A significant component of Arena is its social and creator-driven content. The platform serves as a hub for sports creators to share original content, expert analysis, and real-time reactions. Users can engage with this content, watch video breakdowns, and share their own insights, creating a community-driven environment. The business model appears to be centered on the real-money daily fantasy sports contests, where users can win up to 20 times their entry on 2-5 picks. The app is available on both iOS and Android devices.
Keywords: daily fantasy sports, sports media, content platform, social sports, creator economy, mobile gaming, sports news, fan engagement, player props, sports betting