DraftKings Raises $300 Million

What does DraftKings do?

DraftKings, is a knowledge based daily fantasy sports website which enables users to play against other users for cash awards. Users can play against their friends and rivals for cash prizes and the right the chance to talk trash. You can show your sports knowledge with others and win money today too. It is one of the top daily fantasy sports companies.

How much DraftKings was funded?

This leading daily fantasy sports destination has raised $300M in Series D funding on July 26, 2015 from 21st Century Fox, Kraft Group, Atlas Venture, Major League Soccer, Major League Baseball Ventures, The Raine Group and National Hockey League.

Previous funding

• $1.4M in Seed round on July 19, 2012 from Atlas Venture(Lead) Partner: Ryan Moore and Jordan Mendell
• $5.6M in Series A funding on May 6, 2013 from Atlas Venture(Lead) Partner: Ryan Moore, Boston Seed Capital, BDS Venture Fund Partner: Brian Rubenstein, Jason Robins and Jordan Mendell
• $3M in Venture round on August 6, 2013
• $24M in Series B funding on November 26, 2013 from Redpoint Ventures(Lead), BDS Venture Fund Partner: Brian Rubenstein, Atlas Venture Partner: Ryan Moore, Jordan Mendell, GGV Capital Partner: Hany Nada
• $41M in Series C funding on August 25, 2014 from The Raine Group(Lead), GGV Capital Partner: Hany Nada, Atlas Venture Partner: Ryan Moore and Redpoint Ventures

What is next for DraftKings?

DraftKings will use the latest funding raised for continuing building out its industry leading  web and mobile products, to launch its product internationally and to explore new opportunities in vertical expansion.

The company plans to spend roughly $250 M on advertisements with the TV company in the next 3 years.

More about DraftKings

DraftKings was founded in 2011 Jason Robins, Matt Kalish and Paul Liberman. It has its headquarters in Boston, MA.