DraftKings, Inc., a Boston, Mass.-based daily fantasy sports destination, secured a $300m Series D round of funding.
The round was led by FOX Sports with participation from Major League Baseball, the National Hockey League and Major League Soccer; The Madison Square Garden Company and Legends; as well as existing investors Atlas Venture, DST Global, GGV Capital, The Kraft Group, The Raine Group and Wellington Management Company LLP.
The company intends to use the funds to continue building out its web and mobile products, launch its product internationally, and explore new opportunities for vertical expansion.
Founded in 2012 by CEO Jason Robins, CRO Matt Kalish and COO Paul Liberman, DraftKings is a skill-based Daily Fantasy Sports (DFS) gaming platform for fans in North America to compete in single-day online games for cash and prizes across the largest variety of professional and collegiate sports.
The company is the exclusive DFS partner of Major League Baseball, the National Hockey League, NASCAR, Ultimate Fighting Championship and Major League Soccer.