After five consecutive quarters with some kind of investment, there was no activity at all in fantasy sports companies, according to data provided to VatorNews by the National Venture Capital Association (NVCA).
To be fair, fantasy sports has never been a space with a lot of companies getting funding; even in the best quarters there were only two or three companies getting funding. But things have been particularly dire since the DFS scandals hit late last year.
In the five quarters from Q3 2014 to Q3 2015, there was $438.9 million invested, or an average of $87.78 million.
In Q1, there was a single investment of $400,000, down 88.5 percent from the same quarter a year ago. The only investment was an expansion round from an undisclosed VC firm in DraftKings in February.
VatorNews
Recent scandals have put a dent in the fantasy sports space
By Steven Loeb