Fundraising Fox

By Entercom

Acquired

New York, US · Founded 2015 · Delaware corporation · 4 known investors

RotoQL provides algorithmically optimized daily fantasy sports lineups across NFL, NBA, MLB, NHL, and Golf, with tools including a lineup optimizer, player research, custom projections, and 10,000-game Monte Carlo simulations. It supports DraftKings, FanDuel, Yahoo, and SuperDraft, targeting serious DFS players.

Also known as QL Gaming Group · QLGG · RotoQL

Founders & leadership

JM
Justin Minho ParkNamed on SEC filing

Board

PDPeter D. Blacklow
Peter D. Blacklowin𝕏Board directorGeneral Partner at Boston Seed Capital

Investors · 4

Reported raises · per SEC filings

Form D private placements

$6.9M disclosed across 4 of 5 rounds · 2017–2019

$2.5MraisedJul 2019 · 15 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Nooruddin KarsanDirector
  • Justin Minho ParkExecutive Officer, Director
  • Peter D. BlacklowDirector
Offering amount
$4.3M
Amount sold
$2.5M
Minimum investment
$1
First sale
Jul 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$470KraisedAug 2018 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Justin Minho ParkExecutive Officer, Director
  • Nooruddin KarsanDirector
  • Peter D. BlacklowDirector
Offering amount
$750K
Amount sold
$470K
Minimum investment
$1
First sale
Aug 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.8MraisedMar 2018 · 18 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Nooruddin KarsanDirector
  • Justin Minho ParkExecutive Officer, Director
  • Peter D. BlacklowDirector
Offering amount
$3M
Amount sold
$2.8M
Minimum investment
$1
First sale
Feb 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.2MraisedApr 2017 · 9 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Justin Minho ParkExecutive Officer, Director
  • Peter D. BlacklowDirector
Offering amount
$1.2M
Amount sold
$1.2M
Minimum investment
$1
First sale
Apr 2017
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

RotoQL is a consumer daily fantasy sports (DFS) analytics platform that generates algorithmically optimized lineups for NFL, NBA, MLB, NHL and PGA/golf contests. The product set includes a lineup optimizer with salary-cap optimization, player stacking, locks and excludes, saved lineups and exposure controls; a player research module with stats, defense-vs-position rankings, trends and matchup data; projection management allowing users to import, edit and blend projections from multiple sources; multi-lineup generation of 150+ unique lineups with diversity controls and bulk export; and 10,000-game Monte Carlo simulations producing floor and ceiling outcomes. Lineups can be optimized and exported for DraftKings, FanDuel, Yahoo and SuperDraft. Underlying sports and fantasy data is sourced from Sportradar and FantasyData.

RotoQL is one of the consumer-facing brands of QL Gaming Group (QLGG), a direct-to-consumer sports data and iGaming affiliate platform whose other brands include BetQL for sports betting, Accuscore and Tennis Insight. QLGG was founded in 2015 by Frank Kim, Mike Shiekman and Justin Park and is headquartered in New York. In November 2020 the company was acquired by radio and audio broadcaster Entercom (later renamed Audacy) for $32 million in cash, with Park continuing to lead the business; Entercom positioned the deal as adding data, analytics and a subscription offering to its sports audio brands such as WFAN and Radio.com.

Founding story

QL Gaming Group was founded in 2015 by Frank Kim, Mike Shiekman and Justin Park; the RotoQL platform dates its user base to 2016.

Business model

Freemium subscription: users receive one free slate of each style (Classic and Showdown) per sport and site each day with no credit card required, while a Premium tier unlocks every slate. At the group level, QL Gaming Group also operates as a direct-to-consumer sports data and iGaming affiliate platform.

Consumer subscription revenue from a Premium tier that unlocks all contest slates, alongside a permanently free daily slate; QLGG additionally operates as an iGaming affiliate.

Traction

The company reports more than 400,000 players since 2016, approximately $8.7 million won by users, 34 million lineups generated, and a highlighted single DFS win of $487,000.

Latest developments

The RotoQL platform continues to operate, citing nine years of data and supporting NFL, NBA, MLB, NHL and PGA across DraftKings, FanDuel, Yahoo and SuperDraft.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

A DFS lineup optimization and analytics tool operating within QL Gaming Group's portfolio of sports data brands; the acquiring broadcaster described the deal as adding analytics and subscription capabilities to its sports platform.

Combination of multi-sport (five sports) and multi-site (four DFS operators) coverage, Monte Carlo simulation-based projections, granular exposure and stacking controls, and a permanent free daily slate rather than a time-limited trial.

Technology

Optimization algorithms that build salary-cap-constrained, mathematically optimal lineups with stacking and exposure rules, plus 10,000-game Monte Carlo simulations that produce floor and ceiling projections. The platform ingests third-party data from Sportradar and FantasyData and supports importing and blending user-supplied projections.

Go-to-market

Self-serve online sign-up with a free daily slate as the acquisition channel and an upgrade path to Premium for full slate access; distribution also benefits from the parent group's other consumer brands and, after the 2020 acquisition, Entercom's sports audio properties.

Daily fantasy sports players, particularly high-volume or "serious" entrants who build multiple lineups across DraftKings, FanDuel, Yahoo and SuperDraft.

Geography

Headquartered in New York, United States, serving US-facing daily fantasy sports operators.

History

Founded in 2015, the company raised a first institutional round of $1.2 million in 2017 and a reported total of $7.1 million in equity funding from investors including Azure Capital Partners, Boston Seed Capital, CEAS Investments, Karlani Capital, Subversive Capital, Velo Partners, Oakvale Capital, DonBest and several individual backers. In November 2020 it was acquired by Entercom for $32 million in cash, with cofounder Justin Park continuing to lead the business. Entercom subsequently renamed itself Audacy in March 2021.

Risks & controversies

Dependence on third-party DFS operators and data providers, and on the strategy of its acquirer: parent company Audacy (formerly Entercom) filed for Chapter 11 bankruptcy in January 2024 and emerged as a privately held company on September 30, 2024.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Headcount rangeJan 202511-50
Largest reported user DFS winJan 2025$487K
Lineups generatedJan 202534,000,000 lineups
Registered players since 2016Jan 2025400,000 players
Total equity funding raisedNov 2020$7.1M
Total winnings by usersJan 2025$8.7M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 1

launches, deals, and filings
Nov 2020
QL Gaming Group acquired by Entercom for $32M

Entercom, the local sports and news audio broadcaster, acquired QL Gaming Group — operator of RotoQL, BetQL, Accuscore and Tennis Insight — for $32 million in an all-cash deal. Cofounder and CEO Justin Park continued to lead the business.

$32M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
By EntercomDelaware

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does By Entercom do?
RotoQL is a daily fantasy sports optimizer covering five sports, now part of QL Gaming Group, acquired by Entercom in 2020.
Who are By Entercom's investors?
By Entercom's investors include Karlani Capital, Raptor Group, Boston Seed Capital, Dreamcraft.
How much funding has By Entercom raised?
By Entercom has disclosed $6.9M raised across 4 of its 5 known rounds.
Where is By Entercom headquartered?
By Entercom is headquartered in New York, US.