Approaching £1bn valuation FanDuel doubles headcount

Edinburgh-based fantasy sports firm FanDuel is doubling its headcount on both sides of the Atlantic as it nears its target of becoming a $1bn company, reports the Daily Business.

The firm is hiring software engineers and has also taken on the majority of the team at Zynga Sports 365, an Orlando-based sports studio that closed earlier this month following big lay-offs.

Among the recruits is sports technology industry expert Mike Taramykin and 40 experienced sports game developers, said US technology site re/code.

The new employees will be based at new FanDuel offices in Orlando and will complement the existing FanDuel teams in Edinburgh, Glasgow, New York and Los Angeles.

FanDuel, founded in Edinburgh in 2009, has emerged as one of Scotland’s new generation of tech success stories, with an online product developed and managed in Scotland but with a customer base wholly in the US.

It has 180 staff split between the UK and the US with about 65 in Edinburgh. There are more than one million users paying projected entry fees this year of more than $1.5 billion.

The company paid out $1m earlier this month to sponsor Floyd Mayweather in the so-called Fight of the Century.

Nigel Eccles, FanDuel chief executive and co-founder, said: “We are delighted to have this opportunity to hire Mike and his team.  Mike brings unparalleled expertise having worked on iconic titles such as Madden NFL and Tiger Woods PGA TOUR over multiple platforms.

“We look forward to working with our new Orlando team to continue to innovate within the sports entertainment space.  At FanDuel we have always prided ourselves on hiring the very best people, opening an office in Orlando is a great strategic move as there is a wealth of sports tech talent based there.”