A former League of Legends championship e-sports team has launched a new fantasy sports site for League of Legends spectators. The idea from Vulcun is to make e-sports lucrative not just for the professional gamers but for the spectators as well.
The site enables players to form their own fantasy sports teams based on the top-ranked players of League of Legends, which is one of the most popular online games in the world. Vulcan has created a $250,000 prize pool for the 2015 League of Legends Pro LCS season. It says this is the largest prize pool ever for fantasy e-sports.
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Vulcan’s founders include Ali Moiz and Murtaza Hussain, who are both veterans of Internet startups. Moiz was the cofounder of Peanut Labs, a research startup that was acquired in 2011. Hussain worked at Peanut Labs, and he partnered with Moiz on startups for the better part of a decade.
“We’ve been passionate about and involved in the e-sports scene for several years. I love the LCS, and never miss a game,” Moiz said in a statement. “Vulcun is a great way for all League fans to compete and win prizes while watching LCS games. We’re giving away $250,000 this season.”
Voyboy, a former pro player who’s played with Curse (now Team Liquid), Dignitas,and CLG, said in a statement, “You guys might remember the old team Vulcun; this is a fantasy league by the same name, same guys — really awesome people.”
The LCS tournament starts in a week, so Vulcan is getting its site off the ground now.
Vulcun has raised $1.3 million in funding from top-tier Silicon Valley investors including eVentures, Battery Ventures, and 500Startups.
Moiz said, “We’re planning to re-invest every single dollar we make at increasing the prize pool for League fans. Our next goal for the prize pool: $1 million. With your support, we can get there this year.”