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DraftKings FInding Reaches target of $41 Million
Wednesday September 3,2014 : DRAFTKINGS COMPLETES VENTURE FUNDING ROUND
Reaches target of $41 Million
Boston-situated fantasy sports start-up DraftKings has closed its latest venture funding round having reached its target of $41 million, the majority contributed by media and technology focused merchant bank, the Raine Group.
“DraftKings has established the optimal mix of cutting edge technology, broad industry knowledge and a deeply loyal user base to further push its leadership in this space, and we are delighted to partner with them as they continue to expand,” commented John Salter, partner at Raine Group.
The company will use the injection to expand its product offer, further develop its mobile channel, step up its marketing drive and hire developer talent.
Raine Group said DraftKings will continue to have its eye on competitor acquisition opportunities within the sector, the latest of which is the acquisition of daily fantasy sport operator StarStreet's assets. StarStreet's founders are reportedly moving on to other opportunities.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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