The former NBA commissioner David Stern joined in a $5 million financing round for a fantasy eSports startup AlphaDraft, which runs daily and weekly contests for cash and prizes.

The Los Angeles-based Alpha-Draft is similar to other fantasy sports websites such as DraftKings and FanDuel, but focus more on the eSports gaming world versus real-life competition, allowing users compile a team of the top individual gamers and win prizes based on who put together the best lineup.

The company also raised money from Melo7 Tech Partners, the firm led by NBA star player Carmelo Anthony and other investors including Metaphorphic, WME, Upfront, IDG, KEC, MV, and Greycroft.

AlphaDraft is expected to pay out at least $5m in cash prizes and gained 1m users by the end of this year.