Tech Company Financing Transactions

DraftKings Funding Round

On 11/26/2013, DraftKings raised $24 million in Series B financing from Redpoint Ventures, Accomplice and BDS Ventures.

Transaction Overview

Company Name
Announced On
11/26/2013
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series B
Investors

Redpoint Ventures (Lead Investor) (Thomas Dyal)

Accomplice (Ryan Moore)

BDS Ventures

GGV Capital (Hany Nada)

Proceeds Purpose
DraftKings plans to use the money to fund marketing and acquisition, develop strategic partnerships, and to hire key talent.

Company Information

Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
47 Winter St. 3rd Floor
Boston, MA 02110
USA
Email Address
Overview
The best place to play daily fantasy sports for cash prizes. Make your first deposit and we will double your cash!
Profile
DraftKings LinkedIn Company Profile
Social Media
DraftKings Company Twitter Account
Company News
DraftKings News
Facebook
DraftKings on Facebook
YouTube
DraftKings on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jason Robins
  Jason Robins LinkedIn Profile  Jason Robins Twitter Account  Jason Robins News  Jason Robins on Facebook
VP - Bus. Development
Marco Steinsieck
  Marco Steinsieck LinkedIn Profile  Marco Steinsieck Twitter Account  Marco Steinsieck News  Marco Steinsieck on Facebook


 

 

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Prev: 11/26/2013: Revolv venture capital transaction
Next: 11/26/2013: Monster Digital venture capital transaction

 

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