TechCrunch: numberFire secures $750,000 in funding

Last night, numberFire officially closed its first round of funding, nabbing a $750,000 seed investment, led by RRE Ventures, with contributions from private investment firm, Penny Black, and TechStars Managing Director David Tisch, among others.

Numberfire has created custom, proprietary algorithms that take all stat-crunching out of your hands when it comes to making predictions about your fantasy sports teams. This means that, as fantasy sports fans, you can import your existing teams from Yahoo or ESPN’s fantasy websites and quickly get started — or customize updates and activity feeds, following teams and players that they are interested in to receive news, updated projections, etc.

And, as mentioned, beyond operating as a tool for fans and fantasy gamers, numberFire works with writers and bloggers from sports content sites like ESPN and Sports Illustrated to enable them to embed widgets and take advantage of their stat machine to create season long projections and more. The startup initially targeted football, but they’ve since expanded to basketball, and, in turn, recently launched their own statistical NERD category that measures NBA players’ efficiency and value. It seems they’re trying to bring Bill James-style Sabermetrics to the NBA and beyond.

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