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Fantasy sports operator DraftKings closes $24m funding round

28th November 2013 8:08 am GMT

Online fantasy sports operator DraftKings has closed a US$24m Series B funding round which it says will enable it to expands its team and invest in acquisitions and strategic partnerships.

The investment was led by Redpoint Ventures, with GGV Capital, Atlas Venture and BDS Ventures also participating.

Launched in 2012, DraftKings offers daily fantasy baseball, basketball, football and hockey contests with same day payouts, offering a simpler and faster variant of the traditional game model for both [...]

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