September 1, 2016

DraftKings raises $150M in new funding just in time for the NFL season

CHICAGO, IL - OCTOBER 16: The fantasy sports website DraftKings is shown on October 16, 2015 in Chicago, Illinois. DraftKings and its rival FanDuel have been under scrutiny after accusations surfaced of employees participating in the contests with insider information. An employee recently finished second in a contest on FanDuel, winning $350,000. Nevada recently banned the sites. (Photo illustration by Scott Olson/Getty Images) DraftKings has closed $150M in new funding this morning, the company confirmed to TechCrunch. The round was led by Washington D.C-based Revolution Capital, the venture firm helmed by AOL founder Steve Case and Washington Capitals and Wizards owner Ted Leonsis.  As part of the deal Revolution Growth's Steve Murray will be joining DraftKings' board. DraftKings hasn't said… Read More

Source: TechCrunch