DraftKings

company

About

DraftKings provides online daily and weekly fantasy sports contests for cash prizes in major sports.

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$74.62M
Industries
Fantasy Sports,Gaming,Online Games,Sports
Founded date
Jan 1, 2012
Number Of Employee
1001 - 5000
Operating Status
Active
Stock Symbol
nasdaq:DKNG
Legal Name
DraftKings Inc.

DraftKings provides online daily and weekly fantasy sports contests for cash prizes in major sports in the United States and Canada. It offers daily leagues for fantasy football, baseball, basketball, hockey, golf, college football, and college basketball. The company's Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania, and West Virginia.

DraftKings was founded in 2012 and is based in Boston, Massachusetts.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
13
$719.43M
DraftKings has raised a total of $719.43M in funding over 2 rounds. Their latest funding was raised on Sep 2, 2020 from a Post-IPO Equity round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 2, 2020 Post-IPO Equity 1 Michael Jordan Detail
Apr 24, 2020 IPO Detail
Dec 31, 2019 Series Unknown $74.62M 2 Detail
Nov 15, 2019 Secondary Market 2 Detail
Aug 3, 2019 Secondary Market Detail

Investments

Number of Investments
Number of Lead Investments
3
0
DraftKings has made 3 investments. Their most recent investment was on Oct 19, 2021, when Vivid Seats raised $225M.
Date Company Name
Round Money Raised Industry Lead Investor
Oct 19, 2021 Vivid Seats
Post-IPO Equity $225M Events
Apr 1, 2021 Meadowlark Media
Series A $12.60M Content
Series A $10M Artificial Intelligence

Investors

Number of Lead Investors
Number of Investors
9
29
DraftKings is funded by 29 investors. Michael Jordan and Manhattan Venture Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Michael Jordan Yes Post-IPO Equity
Manhattan Venture Partners Yes Series F
Eldridge Yes Series E
Revolution Yes Series E
21st Century Fox Yes Series D
10X Capital Series Unknown
Data Point Capital Series Unknown
ACME Capital Secondary Market
UIT Growth Equity Secondary Market
FirstMark Series F

Employee Profiles

Number of Employee Profiles
33
DraftKings has 33 current employee profiles, including Executive Idan Fridman
Executive
Executive
Executive
Executive
Executive

Exits

DraftKings has had 1 exits. DraftKings most notable exits include Vivid Seats

Date Company Name Exit Type Industry
Oct 19, 2021 Vivid Seats IPO Events Detail

Acquisition

DraftKings has acquired 8 organizations. Their most recent acquisition was Draftstreet on Jul 15, 2014. They acquired Draftstreet for 0.

Date Company Name
Industry Acquisition Type Price
Jul 15, 2014 Draftstreet
Fantasy Sports acquisition Detail
Aug 25, 2014 StarStreet
Fantasy Sports acquisition Detail
Feb 11, 2016 Kountermove
Gaming acquisition Detail
Jun 1, 2018 Fam
Internet acquisition Detail
Dec 23, 2019 SBTech
Sports acquisition Detail