Fantasy sports betting startup PicksPal has taken $3 million Series C in a round that included previous investors Bay Partners and Canaan Partners.
PicksPal is a free sports site where people bet on upcoming games, but without the use of real money. Sports covered include boxing, NFL football, pro football, bass fishing, ultimate fighting, basketball and baseball with the site making money via advertising. PicksPal launched a related site “PicksPop” in January that offers fantasy betting on celebrity news and also offers a paid “Genius Picks” service that provides betting tips based on the top 30 users of PicksPal.
PicksPal is based in Silicon Valley and had previously raised $6 million.
(via PEHub)