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Dugout FC

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An ultimate Premier League fantasy football experience on web and mobile.

105%
 - 
Funded 20 Sep 2016
£175,006 target
£186,475 from 118 investors
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Business overview

Location London, United Kingdom
Social media
Website www.dugoutfc.com
Sectors Entertainment Digital B2C
Company number 09443201
Incorporation date 17 Feb 2015
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Investment summary

Type Equity
Valuation (pre-money) £1.8M
Equity offered 9.47%
Tax relief

EIS

Idea

Introduction

We believe that Dugout FC is the ultimate fantasy football experience for web and mobile.

It's a draft based fantasy football league for the English Premier League that you can play against your friends for the entire football season, for a month, or just a weekend game.

We've drawn on all our experiences of football in the real and digital world to create what we believe is the ultimate experience for football and fantasy football fans.

Intended impact

We feel that existing fantasy football platforms are not innovating and have stagnated as a result of the following reasons;
- We have found that everyone has the same squad.
- We believe that the scoring system is too basic.
- We understand that many exclude players that don't score goals or get assists.
- We feel that they aren't social enough, forcing social engagement onto 3rd party products (WhatsApp, FB Messenger, Telegram).

Dugout FC offers:
- LIVE and realtime points updates in our Matchday Hub.
- Chat, goals, news, transfer rumours and player taunts delivered as push notifications straight to users’ pockets, 24-7.
- Unique teams picked and crafted in a social, turn based draft event before the game starts.
- Matchup & league system mirrors real world football.
- Weekly/Monthly Games - To engage more casual fantasy fans and allow for hard-core to play multiple concurrent games .
- Unrivalled scoring system, powered by Opta.

We are in talks with a major football news website to co-brand and co-market our upcoming Euro 2016 predictor and sweepstake app.

Substantial accomplishments to date

4 Weeks Prior to the start of the Premier League season we began our marketing campaign and so far have signed up over 10,000 users.

Marketing channels: Facebook, Google, Football blogs, draft night events, perimeter advertising and celebrity endorsements from Premier League players Diego Costa & Juan Mata.

Dugout FC engages users with relevant push notifications and emails about their team, their matchup and live scores, resulting in week-long engagement.

Integrated chat allows users to send tips on starting lineups and injuries as well as taunts & banter.

Dugout FC bucks the trend with traditional season games. Our format encourages user interaction through transfers, chat and sharing. The Dugout FC app engages users midweek with relevant push notifications for lineup reminders, global ranking news and user updates. After an initial spike at the start of the season, we’re maintaining average sessions times of;
Web: 8 mins 18 secs.
Mobile: 7 mins 12 secs.

Our mobile apps have an average score of 4.6 stars over iOS and Android.

70% of sessions have 0 days since last sign in.

Monetisation strategy

Dugout FC is a totally immersive fantasy football experience. The gameplay is always our upmost concern.

Over the coming months we aim to implement a number of revenue streams which include;

- Head to head and league based cash games.
- In game currency (available to earn and buy from the shop) to spend on assets like stadium upgrades, chat packs, custom kits and more.
- Ultra targeted marketing (gambling affiliates).
- Sponsor opportunities (currently in discussion).

Use of proceeds

The proceeds will be used for the following areas;
- Implementation of the new revenue streams.
- Application for a pools gambling license.
- Pre-season marketing for the 2016/2017 Premier League season.
- Running costs for the 2016/2017 season including hosting, Opta data, tech support and staff costs.

Market

Target market

Football & video game fans around the world.

This game is for people who follow football and want to augment it with something totally immersive and social. This is a game for the pub, the sofa or on the bus.

Dugout FC is for football fans first and foremost, we've intended to create a game that both the casual & the hardcore fantasy football fans will enjoy.

Our target is not gamblers. We are not a daily fantasy sports business.

Characteristics of target market

Fantasy Football

$70bn Global fantasy sports market.

Analysts forecast the Global Fantasy Sports market to grow at a CAGR of 10.32% over the period 2016-2019.

- 80% of fantasy sports players fully expect to be playing a decade from now.
- 40% of registered users expect to play till they die!
- Average annual spend of fantasy sports players on seasonal games in the US and Canada: £110
- Average annual spend of fantasy sports players (including Daily games) : £317.

Sports Betting

Regulated betting Gross Gambling Yield (GGY) forecast to reach $70B in 2016.

According to the head of a sports integrity watchdog, as much as one billion euros is gambled globally on every English Premier League game.

Marketing strategy

A large proportion of the raised money will provide the marketing budget for the upcoming 2016/2017 season. We worked with our investors last season to get some world class endorsements on social media from the world of football as well as some perimeter advertising at Premier League stadiums, and we hope to do the same this season. We'll be continuing to work with market leaders in the fantasy football space to market the product through articles & well placed advertising. We intend to undertake Facebook advertising campaigns again this summer given the efficacy of this marketing channel in the build up to last season. In all instances we'll be incentivising sign up with the digital currency in order to more effectively acquire new users.

To ensure we make the most of the summer football, we're working with Teamtalk Media Group who own www.teamtalk.com and www.football365.com, to launch our Euro 2016 app during this summer's tournament. We've created a Sweepstake game that allows users to create, draw teams and see their teams progress and a Euro 2016 Score prediction game where users score points for their ability to predict the scores, we have global rankings and the top teams will win some great prizes.

Existing Dugout FC users will simply update the app and be able to login and play the games. New users will be signed up, leveraging the focus on international football, with a view to converting those users into Dugout FC fantasy football managers in the new EPL season.

Competition strategy

We believe that we are filling a gap in the fantasy football market with a game that is fun, engaging and ultimately resembles football in the real world:

- Our scoring model means that every player you pick is important, not just the goal scorers.
- Our users play head to head for the 3 points each weekend.
- Dugout FC brings the football terraces to a digital platform with what we feel is a truly social fantasy football game.
- The points are fired into Dugout FC live and in real time so users can see exactly how their matchup is going during the live Premier League games.

You can see from our week on week user retention that many of our users are back every single week and with the end of the season round the corner, we're incredibly proud of the levels of continued engagement that Dugout FC has achieved.

Dugout FC intends to launch a digital currency and store allowing users to completely customise their experience, something that we believe none of our competitors do. Users can now customise their whole club by earning or purchasing 'Dugs' from the Dugout store and use their hard earned currency to upgrade their stadiums, pitches, kits and we intend to keep adding to the store.

We believe that the DFS platforms are tailored for gamblers and not for football fans. We've flipped that on its head and created a product that we believe is first and foremost an amazing, fun and engaging experience for football fans and fantasy football fans. We believe that our model however is infinitely better suited to the cash game market with the diversity in teams and scoring system, so we intend to build out our cash game offering for all those users wishing to enhance their Dugout FC experience even further.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Dugout FC has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 1 June 2016 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £1,770,000

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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