DraftKings

About

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

Boston,Massachusetts,United States
1001 - 5000
http://www.draftkings.com

Highlights

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	—
Dec 17, 2018 Sea Machines Robotics	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