R
Rei do Pitaco
Consumer Services · São Paulo, Brazil · Founded 2019
Fantasy Game Rei do Pitaco MoreLess
Rei do Pitaco is a Brazilian daily fantasy sports (DFS) operator that has expanded into the regulated sports betting market. The company was founded in 2019 by Mateus Dantas and Kiko Augusto. The founders, both with backgrounds in computer science and software engineering at major tech firms like Google, Facebook, and Snap, identified an opportunity in the Brazilian market for a DFS platform that offered cash prizes, a feature not prominently available at the time.
The company's core product allows users to draft teams of professional soccer players from various leagues, including Brazilian Serie A, the English Premier League, and La Liga. Points are awarded based on the real-world statistical performance of these athletes in matches. This model targets sports fans, providing an additional layer of engagement with live games. The business generates revenue by taking a commission, reportedly between 10% and 25%, from the entry fees paid by users to participate in paid contests. While free-to-play options are available, the paid leagues are the primary revenue driver. Since its inception, the platform has distributed over R$150 million in prizes to hundreds of thousands of users.
Rei do Pitaco has demonstrated significant growth, attracting substantial venture capital investment. After an initial seed round of $6 million in 2021, the company secured a $32 million Series A round in January 2022. This funding was led by D1 Capital Partners and included participation from notable investors like Kaszek, Bullpen Capital, Left Lane, and Globo Ventures. The capital has been allocated to product improvement, user acquisition, and team expansion. Recognizing the impending regulation of sports betting in Brazil, the company strategically positioned itself to transition from a DFS-centric platform to a licensed sportsbook. Operating legally in Brazil since its launch and paying local taxes, the company secured its sports betting license and began operating in the newly regulated market in early 2025.
Keywords: daily fantasy sports, sports betting, fantasy soccer, sportstech, Brazil market, Mateus Dantas, Kiko Augusto, cash prizes, online gaming, sports entertainment, venture capital, Series A, Globo Ventures, Kaszek, D1 Capital Partners, licensed operator, real-money gaming, mobile gaming, soccer statistics, user engagement
Company overview
Rei do Pitaco company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- São Paulo, Brazil
- Employees
- 162
- Open positions
- None listed
- Dealroom signal
- 62.9
Valuation & funding
Rei do Pitaco funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Oct 2025 | $18M | $160M | PvX Partners | ↗ |
| SERIES AOther financing | Jan 2022 | $32M | $128M | KaszeK Ventures · Bullpen Capital · D1 Capital Partners · Left Lane Capital | ↗ |
| FundingOther financing | May 2021 | $6M | — | KaszeK Ventures · Bullpen Capital · Courtside Ventures · VERVE CAPITAL | — |
| SEEDOther financing | Jun 2020 | $100K | $400K | VERVE CAPITAL | — |
| SEEDOther financing | Feb 2020 | $100K | $400K | VERVE CAPITAL | — |
Growth signals
Rei do Pitaco website traffic
Latest recorded traffic for Rei do Pitaco is 70K monthly website visits, up 7.7% over the last three months. Rei do Pitaco's team declined 6.9% over the past year.
Comparisons
Rei do Pitaco compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
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|---|---|---|---|---|---|
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 Dream11Fantasy sports platform for multi-sport contests. |
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 SportSquare GamesCreating sport management games for all major sports that can be integrated and published by third parties |
Turin, Italy | Operational | |||
 FSB TechnologyFully managed sports betting service |
London, United Kingdom | Acquired | |||
 From The BenchCreating sports oriented games |
Elda, Spain | Acquired |
Talent graph
Rei do Pitaco's talent
Source: Dealroom Talent Intelligence.
Investors
8 investors on Rei do Pitaco's cap table
Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.
Global footprint
Where Rei do Pitaco has talent and traffic
team presence
In the news
Latest news about Rei do Pitaco
Recent press, funding announcements, and product moves mentioning Rei do Pitaco — open to read from the original sources.
Market sentiment
What the market is saying about Rei do Pitaco
An AI-synthesized read of the highest-engagement posts about Rei do Pitaco on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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