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Daily Fantasy Sports Investment & Acquisition Tracker

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 $1.4mm Seed 2015
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 $3mm Undisclosed Unknown 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 $70mm Undisclosed February, 2016
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.
Fantazzle $.35mm 2009-2010 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.

Unknown: DraftKings CEO Jason Robins told the New York Times that it has raised $426 million in funding, leaving a gap of $50mm between known public funding rounds and the figure the NYT reported.

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.

May 2013: Atlas Ventures pumped another $7mm into DraftKings coffers.

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.

DFS acquisitions

*Based on publicly reported amounts.