DraftKings completes $300m funding round
Fox Sports leads latest investment round which values DraftKings at more than $1bn
 Daily fantasy sports operator DraftKings has raised $300m in a new funding round led by Fox Sports that values the company at over $1bn. [private]
The Series D funding round takes DraftKingâs raised capital to $375m, and included investments from the Kraft Group, Atlas Ventures, the Rein Group and the MLB, NHL and MLS.
DraftKings said it would use the investment to continue building its web and mobile products, launch internationally, and explore new opportunities for vertical expansion.
âTo receive this type of support from such an outstanding group of organizations, including three major sports leagues, is an incredible milestone for us and reaffirms our leadership position in Daily Fantasy Sports,â DraftKings CEO Jason Robins, said.
âWe intend to leverage these resources to develop even more innovative daily fantasy sports contests and provide new exclusive once-in-a-lifetime experiences for our players.â
The operator also announced that it had struck a multi-year deal with Major League Soccer in the US and Canada to become its official daily fantasy sports partner.
Under the deal, DraftKings will offer exclusive MLS fantasy contests and will receive in-stadium exposure during MLS games and on the MLSsoccer.com website.
The news comes just weeks after rivals FanDuel announced it had completed a $275m funding round led by Google and Time warner, valuing the operator at north of $1bn.