Social Gaming and Fantasy Sports Venture Gets Funding from Cantor Subsidiary

Jul 01, 2013
Social Gaming and Fantasy Sports Venture Gets Funding from Cantor Subsidiary
The latest news from Cantor Ventures, the venture capital and enterprise development arm of Cantor Fitzgerald, report that the company has made a big investment of $25 million into a Los Angeles-based start-up developer of a fantasy sports and social gaming platform, dubbed TopLine Game Labs. Thanks to Cantor's support, the new venture will be able to grow the team, launch new products and applications, and develop the business under the leadership of the CEO digital media and technology executive David Geller, who is known for his significant roles as president and chief operating officer of Dreamworks Animation Investments, Inc, global head of fantasy sports for Yahoo! Sports, and other senior positions at Yahoo! Music, Overture, Inc., and RioPort, Inc. As for TopLine, it is using a mobile-first approach in its attempt to build an agnostic platform that will power new sports and entertainment based social games. However, even though it will focus on the mobile sector, TopLine will also make its offering available on desktop and other platforms. Commenting on the launch, Geller said: "The launch of TopLine Game Labs marks a new era in next-generation fantasy sports and social gaming. "We are architecting a robust platform to power exciting new sports and entertainment based social games. With our initial focus on the innovative and fast growing short-duration fantasy sports marketplace, combined with our 'mobile-first' philosophy, we are superbly poised to expand into other categories, delivering a one-stop online and mobile gaming solution. "In addition, we plan to leverage Cantor's deep experience from ownership in the popular Hollywood Stock Exchange, the leading virtual entertainment stock market, which offers tremendous growth opportunities alongside the spectacularly growing fantasy sports market," Geller explained. It was added by Howard W. Lutnick, chairman and CEO of Cantor Fitzgerald and general partner of Cantor Ventures: "The substantial investment from Cantor Ventures combined with David's extraordinary track record and experience including eight years at Yahoo! Inc. clearly jumpstarts TopLine Game Labs as a powerful front-runner in short-term fantasy sports and social gaming."
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