DraftKings Completes $300M Financing Led by FOX Sports
July 28, 2015
Fantasy sports platform DraftKings has completed a $300 million Series D financing at a $1.05 billion valuation; FOX Sports led the round (reportedly investing $150 million), with participation from major North American sports leagues Major League Baseball, the National Hockey League and Major League Soccer, as well as venture investors such as Atlas Venture and DST Global. The company previously raised $51 million at a roughly $250 million valuation in late 2014; its total amount raised to date is approximately $427 million. The Raine Group was exclusive advisor to DraftKings for the round.