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.