DraftKings VC fund raises $60m for sports tech investments

| By Marese O'Hagan
DraftKings’ venture capital fund – Drive by DraftKings – has announced that it has raised $60m (£43.4m/€51.5m) in its first venture fund round.
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The funding was raised over six months and was supported by investors and organizations, including MSG Sports and Entertainment and The Kraft Group. The fund is now oversubscribed by 20%.

Drive by DraftKings invests in sports technology, focusing specifically on human performance, sports and gaming, media and fan engagement and data analytics and monetization.

Read the full story on iGB North America.

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