Rei do Pitaco
Cricket Square, Grand Cayman · Founded 2021 · Incorporated in Cayman Islands · 9 known investors
Brazilian daily fantasy sports and betting operator offering cash-prize soccer contests, sportsbook and casino products.
Also known as RDP · Rei do Pitaco
Founders & leadership
Investors · 9
.png)
Also in the syndicate · 4
Reported raises · per SEC filings
Form D private placements$6M disclosed across 1 of 3 rounds · 2021–2025
▶$6MraisedMay 2021 · 21 investors · Other TechnologyRule 506(b)
- Mateus Carvalho DantasExecutive Officer, Director
- Andre Augusto Machado SantosExecutive Officer, Director
- Nigel EcclesDirector
- Offering amount
- $6M
- Amount sold
- $6M
- First sale
- Apr 2021
- Incorporated
- Other, Cayman Islands, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Rei do Pitaco is a Brazilian real-money gaming company built around daily fantasy sports (DFS) for soccer. Users draft line-ups of players from Brazilian, Latin American and international competitions and score points based on those athletes' statistical performance in real matches, competing for cash prizes in daily contests. Contest entry fees range from about R$1 to R$50, with single-entry and multi-entry formats, a five-player substitutes bench (goalkeeper, full-back, centre-back, midfielder and forward) that automatically replaces unused starters, and variant formats such as "Dobro ou Nada", in which the prize pool is doubled for the top half of entrants. Coverage spans more than ten competitions, including the Brazilian women's league, Série B and the Copa Libertadores, and rotates with the sporting calendar.
The platform has since broadened beyond pure fantasy. A "Fantasy Turbo" section works like a conventional sportsbook, where users select markets — for example player shots or goals thresholds — and stake from R$2 with odds-style multipliers, alongside a highlighted "Escolha do Rei" selection feed. The company's own site markets sports betting across soccer, basketball, tennis, table tennis, American football and volleyball, a bet-builder product, live betting, reduced-line "pechinchas" promotions, a loyalty club with XP levels and daily scratch-card prizes, and an online casino with live dealer, game show, crash and slots content from suppliers including Evolution, Spribe, PG Soft and Red Tiger. The site states the company is authorized to operate in Brazil in compliance with national law and displays responsible-gaming certification.
Founding story
The company was founded to bring a trustworthy Brazilian daily fantasy sports product to market, inspired by DraftKings and FanDuel, covering Brazilian and Latin American soccer championships. Investor and trade sources credit Mateus Dantas and Kiko Augusto as founders in 2019, with co-founder Rafael Lasserre also named in later coverage; a separate directory listing gives a 2017 founding date.
Business model
The company operates a consumer real-money gaming platform. An early company description stated its model was charging a commission of 10% to 15% on the ticket price users pay to enter contests. Its current offering also includes fixed-odds sports betting products and online casino games supplied by third-party studios.
Revenue derives from commission taken on paid daily fantasy contest entries (historically stated at 10%-15% of the entry ticket) and from margins on fixed-odds betting markets and casino games offered on the platform.
Traction
More than 1.5 million fans had registered for the service as of January 2022, when the company employed 75 people and had raised $38m in total investment. In 2025 it obtained one of the first operator licences under Brazil's regulated betting regime and secured $18m of dedicated user-acquisition capital.
Latest developments
In October 2025 Rei do Pitaco announced $18m in non-dilutive growth funding from PvX Partners, the firm's first Latin American investment, structured as a marketing co-investment with revenue sharing on newly acquired users up to a cap. The company said it was "just getting started" and would direct the capital to user acquisition in Brazil, where it had recently been licensed under the country's new betting rules.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company has been described as the leading daily fantasy sports operator in Latin America and, at the time of its Series A, said the round was the largest raised by a sports technology company in Brazil. It was among the first operators licensed under Brazil's new betting framework, positioning it against large international sportsbooks operating in Brazil such as bet365 and Betano.
Unlike other Latin American fantasy operators, Rei do Pitaco lets users compete for cash prizes on a daily basis. Its early positioning was as a DraftKings- and FanDuel-inspired DFS product adapted to Brazilian and Latin American soccer with live scores and statistics. Management has publicly framed its strategy around cost efficiency rather than scale at any cost, arguing that "radical discipline" outperforms pure capital in a market dominated by larger, higher-cost operators.
Technology
The platform provides live scoring and statistics for fantasy contests, automatic substitution logic that swaps in bench players when starters do not play, real-time odds and market pricing for its Fantasy Turbo betting section, and integrations with third-party casino game suppliers.
Go-to-market
Rei do Pitaco acquires users through direct-to-consumer marketing and paid user acquisition, funded in part by dedicated growth capital; the 2022 Series A and the 2025 PvX Partners facility were both earmarked for customer acquisition and marketing. It distributes through its website and mobile apps and runs promotions, a loyalty/XP club and discounted betting lines to drive retention.
Brazilian sports fans — referred to on the platform as "pitaqueiros" — who play paid daily fantasy soccer contests and place sports bets or play casino games online.
Geography
The company is focused on Brazil, with fantasy coverage of Brazilian, Latin American and international soccer competitions; it has been described as based in São Paulo, Brazil.
History
Sources differ on the company's origins: one investor profile and trade press date the founding to 2019, while a startup-directory profile lists January 2017. It raised a $32m Series A announced in January 2022 — bringing total investment to $38m — from investors including D1 Capital Partners, Kaszek, Bullpen Capital, Left Lane, DST Global Partners and Globo Ventures, the venture arm of Grupo Globo, with earlier seed backing from Courtside Ventures. The company subsequently expanded from daily fantasy into sports betting and casino, obtained Brazilian regulatory authorization, and in October 2025 announced $18m in non-dilutive growth funding from PvX Partners.
Risks & controversies
The business operates in Brazil's newly regulated betting market, where continued operation depends on maintaining official authorization and compliance with national gambling and responsible-gaming rules. It competes against large, well-capitalized international operators in the same market.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsPvX Partners provided $18m in non-dilutive growth capital structured as a co-investment in marketing, in which PvX shares revenue from newly acquired users up to a defined cap, after which lifetime value remains with Rei do Pitaco. The capital is earmarked for user acquisition and marketing in Brazil, and marks PvX's first investment in Latin America.
$18M source ↗
Rei do Pitaco was among the first operators licensed under Brazil's new betting regulations, and its site states it is authorized to operate in Brazil in compliance with national law.
The company raised a $32m Series A with participation from D1 Capital Partners, Kaszek, Bullpen Capital, Left Lane, DST Global Partners and Globo Ventures, describing it as the largest round by a sports technology company in Brazil. The round brought total investment to $38m, with proceeds earmarked for hiring and customer acquisition ahead of the 2022 FIFA World Cup.
$32M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 7
primary sources listed
- Rei do Pitaco 2026 | Como Funcionam os Pitacos e o Bônusbr.bolavip.com · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Rei do Pitaco do?
- Brazilian daily fantasy sports and betting operator offering cash-prize soccer contests, sportsbook and casino products.
- Who are Rei do Pitaco's investors?
- Rei do Pitaco's investors include 4M Holding, Bullpen Capital, Courtside Ventures, Left Lane Capital, Verve Capital.
- How much funding has Rei do Pitaco raised?
- Rei do Pitaco has disclosed $6M raised across 1 of its 3 known rounds.
- Where is Rei do Pitaco headquartered?
- Rei do Pitaco is headquartered in Cricket Square, Grand Cayman.