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ECGI Portfolio Company Payday Fantasy Plans NFL & NCAAF Data Integration and Marketplace Launch
Globenewswire· 2025-08-12 12:30
Core Insights - ECGI Holdings Inc. is set to enhance its portfolio company, Payday Fantasy, by integrating NFL and NCAA Football data and launching a fantasy sports marketplace, aiming to capitalize on the peak football season for increased user engagement [1][2][3][6] Company Developments - Payday Fantasy will soon go live with NFL and NCAA Football data, allowing users to engage with real-time player and game data [2] - A marketing push is planned to accelerate user growth and enhance market engagement during the football season [4] - The platform aims to combine live data integration with marketplace functionality to attract a growing audience in the fantasy sports sector [5][6] Industry Context - The fantasy sports market in North America has over 60 million participants, with a global market valuation of $24.8 billion in 2024, projected to grow at a 15.2% CAGR, reaching over $56 billion by 2030 [5] - The enhancements to Payday Fantasy's platform are strategically timed to coincide with the NFL preseason and regular season, a period known for increased fantasy sports participation [3][6] Competitive Positioning - Simon Yu, CEO of ECGI Holdings, emphasized that the upcoming enhancements position Payday Fantasy to compete in a multi-billion-dollar industry [6] - The platform aims to transform fantasy sports into a shared experience, leveraging elements from popular platforms like Discord, DraftKings, and Twitch [8]
ECGI Holdings Expands into AI with Investment in 3D Vision Pioneer TrueToForm
Globenewswire· 2025-06-03 12:30
Core Insights - ECGI Holdings Inc. has made a strategic investment in TrueToForm, an AI and 3D computer vision startup, signaling a focus on transformative technology and early-stage innovation [1] - TrueToForm addresses significant challenges in online retail, particularly high return rates due to poor fit, with a patented AI-powered 3D body scanning platform [2][3] - The investment aligns with ECGI's strategic growth plan, emphasizing a portfolio that integrates innovation-driven sectors [7] Company Overview - TrueToForm's technology delivers 97% accuracy in creating digital avatars for apparel fitting, targeting an estimated $8.2 billion market opportunity [2][3] - The company has established partnerships with over 50 academic and commercial entities and has a sales pipeline of more than 25 brands [4] - TrueToForm is led by experienced founders with backgrounds in prestigious institutions and industries, supported by a strong advisory board [6] Market Context - Online return rates average 24.4%, with sizing issues accounting for over half of these returns, translating to an estimated $38 billion in lost revenue [3] - ECGI's investment in TrueToForm is part of a broader strategy to explore opportunities in AI, healthcare, blockchain, and other innovation sectors [7][8] Current Investments - ECGI's portfolio includes TrueToForm, which operates in the $8.2 billion market for AI-powered body measurement solutions, and Pacific Saddlery, a player in the $6.5 billion equestrian apparel market [9]