Tech Company Financing Transactions

DraftKings Funding Round

The Raine Group, Accomplice and GGV Capital invested in a $41 million funding round for DraftKings. The financing was announced on 8/25/2014.

Transaction Overview

Company Name
Announced On
8/25/2014
Transaction Type
Venture Equity
Amount
$41,000,000
Round
Undisclosed
Investors

The Raine Group (Lead Investor) (John Salter)

Accomplice (Ryan Moore)

GGV Capital (Hany Nada)

Redpoint Ventures (Thomas Dyal)

Proceeds Purpose
It also plans to use the new money to expand its mobile and Web offerings, hire more employees and bolster its sports lineup and contest prizes.

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


 

 

Browse more venture capital transactions:

Prev: 8/25/2014: MedShape venture capital transaction
Next: 8/25/2014: Vive Crop Protection venture capital transaction

 

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We do our best to document every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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