PrizePicks Celebrates a Game-Changing Moment with Allwyn’s Strategic Investment

We’re thrilled to share a monumental milestone in our portfolio: PrizePicks (RevUp 2019) has announced that Allwyn plans to acquire a majority stake in the company. This strategic investment is a powerful validation of the vision, grit, and execution that the PrizePicks team has demonstrated.

PrizePicks is now one of the largest daily fantasy sports operators in the U.S., transforming how fans engage with their favorite teams and players. With a community of millions across 45+ jurisdictions, they’ve redefined the DFS experience through simplicity, accessibility, and innovation.

This partnership with Allwyn marks the beginning of an exciting new chapter. Allwyn will bring global scale, deep expertise, and operational strength, positioning PrizePicks to expand even faster while continuing to deliver the experience fans love. 

Huge congratulations to founder Adam Wexler, and the entire PrizePicks team on this defining moment! It's a culmination of years of hard work, smart bets, and unrelenting ambition. And we’re incredibly proud to have been a small part of the journey! 

You can read more about the story behind the acquisition and what’s ahead for PrizePicks in Adam’s full post here. Or read the official press release here. 🦄 #ProudInvestor

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More About RevUp Capital

RevUp Capital invests in B2B and B2C companies that are revenue-driven and ready to double down on growth. We deploy cash and capacity to help companies grow from $1-3M to $10-30M, quickly and efficiently, using a revenue-based model. Companies enter our portfolio with $500K-$3M in revenue, a strong growth rate, and a team that’s ready to scale. Our typical investment range is $300K-$500K.

More at www.revupfund.com

How We Invest

We built RevUp to invest into B2B and B2C companies ascending the $1M-$10M growth curve. We know from experience—and from the stellar performance of our portfolio—that this curve can be conquered.  But, having the right resources and support along the way is critical to success.

RevUp combines non-dilutive investment with hands-on support to help companies build stronger, more scalable infrastructure for growth. And, we do it using a non-dilutive model. Our goal? Give companies the best shot at success while preserving founder equity, optionality, and autonomy.

For more info visit here.