HomefundingDraftKings Raises $1.4M in Seed Funding

DraftKings Raises $1.4M in Seed Funding

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DraftKings, a Boston, MA-based online fantasy sports startup, has closed a $1.4m seed funding.

The round was led by Atlas Venture, with participation from Boston Seed Capital, Hub Angels, Angel Street Capital, and private angel investors.

The company intends to use the funding for marketing and product development in anticipation of the 2012 fantasy football, fantasy basketball, and fantasy hockey seasons.

Led by co-founders Jason Robins, CEO, Paul Liberman, CTO, and Matt Kalish, COO, DraftKings is an online gaming destination where players engage in daily fantasy sports competition for cash. It handles financial transactions through its site while collecting a commission on every stakes game.

FinSMEs

19/07/2012