DraftKings Closes $7M Series A Funding

DraftKings, Inc., a Boston, MA-based provider of daily fantasy sports online, closed a $7m Series A funding.

The round was led by Atlas Venture.

The company intends to use the funds to continue to improve the customer experience and to market its online and mobile offerings in short-term fantasy sports play.

Launched in April 2012, and led by Jason Robins, CEO, DraftKings allows players to engage in daily fantasy sports competitions across fantasy baseball, fantasy football, fantasy basketball, and fantasy hockey. It offers free and pay contests every day that pay cash prizes and offers reward with sporting experiences. Games are structured under salary cap format.



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