It's No Fantasy: VCs Wagering Heavily on FanDuel, DraftKings
July 20, 2015
Venture investment in fantasy sports/online sports betting has been—for lack of a better analogy—a two-horse race the past few years, with rivals FanDuel and DraftKings having completed or nearing the finish line of mega-rounds at $1 billion+ valuations. Earlier this week, FanDuel raised a $275 million financing to officially earn unicorn status, while DraftKings is believed to be raising $300 million (also at a 10-figure valuation). Combined, the companies have...
To continue reading, and to see a comparison of the two companies' key VC funding metrics, investors and more, click here.