Last updated: February 23, 2018
Our investment and acquisition tracker for the one-day fantasy sports industry provides a handy snapshot of the major funding rounds for top-tier DFS sites as well as an abridged history of acquisitions in the industry.
Approximate total raised to date by daily fantasy sports companies*: $1.3 billion
|Site||Amount||Type||Date||Notable backers||More info|
|AlphaDraft||$5mm||Seed||May, 2015||Metamorphic Ventures, Former NBA Commissioner David Stern||More info.|
|Boom Fantasy||$2mm||Seed||2017||More info.|
|Draft||$2.1mm||Seed||December, 2014||More info.|
|Draft||$3.5mm||Series A||March, 2015||Upfront Ventures||More info.|
|Draft||Unknown||Unknown||December 2016||More info.|
|Draft Ops||$7mm||Friends and family||June, 2015||More info.|
|DraftKings||$1.4mm||Seed||July, 2012||Atlas Ventures||More info.|
|DraftKings||$7mm||Series A||May, 2013||Atlas Ventures||More info.|
|DraftKings||$24mm||Series B||November, 2013||Redpoint Ventures, GGV Capital, BDS Ventures, Atlas Ventures.||More info.|
|DraftKings||$41mm||Series C||August, 2014||Raine Group, Redpoint Ventures, GGV Capital, Atlas Venture||More info.|
|DraftKings||$49.6 mm||Undisclosed||Unknown||More info.|
|DraftKings||$200mm||Undisclosed||Summer 2015||Unknown||More info.|
|DraftKings||$300mm||Series D||July, 2015||Major League Baseball, National Hockey League, Madison Square Garden Company, Kraft Group, Raine Group||More info.|
|DraftKings||$150mm||Undisclosed||Setepmber, 2016||Revolution Growth||More info.|
|DraftKings||$118 mm||Series E1||March, 2017||Eldridge Industries||More info.|
|DraftPot||$2.2mm||Seed||September, 2015||More info.|
|DraftStreet (later bought by DraftKings)||$3.7mm||Series A||May, 2013||InteractiveCorp||More info.|
|FanDuel||$1.2mm||Series A||July, 2009||Scottish Investment Bank||More info.|
|FanDuel||$4mm||Series B||September, 2011||Piton Capital||More info.|
|FanDuel||$1.3mm||Bridge||April, 2012||Piton Capital||More info.|
|FanDuel||$11mm||Series C||January, 2013||Comcast Ventures||More info.|
|FanDuel||$70mm||Series D||September, 2014||Shamrock Capital, KKR, NBC Sports VEnntures||More info.|
|FanDuel||$275mm||Series E||July, 2015||KKR, Google Capital, Time Warner, NBC Sports Ventures, Comcast Ventures, Shamrock Capital||More info.|
|FanDuel||$55mm||Convertible note||September, 2016|
|FanDuel||$26.4mm||Convertible note||September, 2017|
|FantasyFeud||$1mm||Seed||April, 2012||More info.|
|iTeam||$3mm||Angel||July, 2015||Gabe Hunterton, CEO||More info.|
|Oulala||$1.3mm||Angel||December, 2016||More info.|
|SportsLock||$5mm||Series A||June, 2015||Wicklow Capital||More info.|
|Star Fantasy Leagues||$2mm||September, 2014||International Investment and Underwriting||More info.|
|Topline (parent of DailyMVP)||$25mm||June, 2013||Cantor Ventures|
|Victiv||$2.1mm||Seed||August, 2014||More info.|
|Victiv||$2.5mm||Seed||July, 2015||More info.|
|Victiv||$.7mm||Seed||April, 2014||More info.|
|Vulcun||$12mm||Series A||April, 2015||Sequoia Capital, Universal Music Group||More info.|
FanDuel funding history
Total raised to date (publicly known): $362.5 million
July 2015: FanDuel closed a $275mm funding round.
November 2014: FanDuel acquires a high-profile investor in the NBA. The exact terms of the deal between FanDuel and the NBA were not disclosed, but the companies did confirm that the partnership gave the NBA a stake in FanDuel.
September 2014: FanDuel raised the bar for the entire industry once again, when it secured $70mm from a multitude of investors, including Shamrock Capital Advisors, NBC Sports Ventures, KKR, and the company’s already sizable existing pool of investors.
January 2013: With DraftKings proving to be a serious competitor to FanDuel’s DFS dominance, the company raised a further $11mm in January of 2013, mainly from a new source, Comcast Ventures, a subsidiary of Comcast Corp.
April 2012: A further $1.3mm was raised from the company’s existing investors.
September 2011: FanDuel raised $4mm in a Series B round led by venture capital firm Piton Capital.
July 2009: New York-based FanDuel received roughly $1.2mm in Series A funding led by Scottish Investment Bank and Pentech Ventures.
DraftKings funding history
Total raised to date (publicly known): $894.7 million
March 2017: Eldridge Industries invests $118.7 million.
September 2016: Revolution Growth announced an investment of more than $150 million.
Summer 2015: Shortly after the July round, the Boston Globe reported DraftKings received another $200mm in funding, which still has not been disclosed.
July 2015: DraftKings raised $300mm, with Fox Sports as the lead investor for about half of the amount.
August 2014: As their arms race with FanDuel heated up, DraftKings easily surpassed all of their previous investment tallies combined in August of 2014, when four investment firms, the Raine Group, Redpoint Ventures, GGV Capital, and Atlas Ventures supplied the company with a further $41mm of capital.
November 2013: DraftKings received its largest infusion of capital in its short existence, when it raised $24mm from a group of four investors, spearheaded by Redpoint Ventures, as well as contributions from GGV Capital, BDS Ventures, and the company’s longtime investor Atlas Ventures.
August 2013: DraftKings raised $3mm from unnamed investors.
July 2012: The Boston-based company was founded by Jason Robbins, Paul Liberman, and Matt Kalish in 2012 with $1.4mm in seed money from Atlas Ventures.
- November 2016: Fantasy Aces acquired the user base of Fantasy Feud for C$450,000.
- March 2016: DraftKings bails out insolvent site FantasyHub.
- February 2016: iTEAM Network bails out insolvent site FantasyUp.
- August 2015: PokerStars parent company Amaya acquires Victiv; terms undisclosed.
- June 2015: Sportech acquires DraftDay from MGT Capital for $7mm.
- June 2015: A transaction was completed in which Gaming Nation took control of FantasyFeud.
- June 2015: Fantasy Aces announced plans for a reverse takeover of DraftTeam.
- August 2014: StarStreet is acquired and assimilated by DraftKings for an undisclosed amount.
- July 2014: DraftStreet is acquired and assimilated by DraftKings for an undisclosed amount.
- April 2014: MGT Capital acquires DraftDay for $600k and ~100,000 shares of common stock in MGT.