TopLine Game Labs™ Enters The Fantasy Sports And Social Gaming Marketplace With $25 Million Investment
LOS ANGELES, June 25, 2013 /PRNewswire/ -- TopLine Game Labs™ entered the fast-growing fantasy sports and social gaming market today under the leadership of long-time digital media and technology executive David Geller, former Global Head of Fantasy Sports at Yahoo! Sports, with a $25 million investment from Cantor Ventures.
Mr. Geller, CEO of TopLine Game Labs™, 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."
Along with a growing team of Los Angeles-based media and technology experts, Mr. Geller is building an innovative fantasy sports and social gaming portfolio of products focused on mobile devices, which also will be available on desktop and other platforms. "While mobile is wildly proliferating, we are committed to building a platform agnostic architecture that provides our customers with outstanding short-term fantasy sports games and entertainment-based social applications available whenever and however they want to play," he said.
Howard W. Lutnick, Chairman and Chief Executive Officer of Cantor Fitzgerald, L.P. and General Partner of Cantor Ventures, said: "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.""As part of the Cantor Ventures investment, our growth strategy capitalizes on existing assets, including the best attributes of the previous Cantor Fantasy Sports™ offering, such as daily fantasy sports play unencumbered by season-long restrictions. 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," Mr. Geller said.
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