DraftKings Receives $24,000,000 Series B Financing Round

  • Feed Type
  • Date
    11/26/2013
  • Company Name
    DraftKings
  • Mailing Address
    47 Winter Street 3rd Floor Boston, MA 02108
  • Company Description
    DraftKings, which was recently named one of “Five you should follow” by Mass High Tech’s Startup Watch, allows people to not only play for one day, but they can bet through the website and find out if they win that day.
  • Website
    http://www.draftkings.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $24,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    DraftKings plans to use the money to fund marketing and acquisition, develop strategic partnerships, and to hire key talent.
  • M&A Terms
  • Venture Investor
    Redpoint Ventures
  • Venture Investor
    Atlas Venture
  • Venture Investor
    GGV Capital
  • Venture Investor
    Undisclosed