DraftKings closes $100m funding round

Daily fantasy sports (DFS) operator DraftKings has closed an investment round worth more than $100 million (€94.3 million), according to Bloomberg.

Although DraftKings did not confirm the amount raised in the Series E1 round, chief executive Jason Robins did identify Eldridge Industries as the lead investor.

Todd Boehly, chairman and chief executive of Eldridge, is also an owner of the Los Angeles Dodgers Major League Baseball (MLB) franchise.

“As DraftKings continues to grow and pioneer new ways for sports fans around the world to engage with the teams and players they love, we were looking for a funding partner who could bring additional depth to the table.

“The exceptional team at Eldridge does that through their incredible knowledge and success with media properties, providing a deep bench of experts to help fuel DraftKings’ continuing growth as a sports entertainment company.”

MLB owns equity in DraftKings, while the DFS operator has commercial deals in place with most teams in the North American league, including the Dodgers.

“We have closed a Series E1 round of funding led by Eldridge Industries,” Robins said in a statement.

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