DraftKings IPO

draftkings.com | Games | Founded: 2012 | Funding to Date: $320,942,961

DraftKings, the owner and operator of a daily fantasy sports (DFS) platform that allows customers to compete in single-day, online fantasy sports became a publicly traded company in April 2020 via a reverse merger with SPAC Diamond Eagle Acquisition Corp.

Founded in 2011, DraftKings raised nearly $1 billion during its time as a private company from Venture Capital investors including ACME Capital, 111 Holdings, Data Point Capital, Growth Technology Partners, Quantum Global Partners, Revolution, DST Global, FirstMark Capital, GGV Capital, Redpoint Ventures, Counterview Capital, and Atlas Ventures. DraftKing’s last private funding round was in October 2018, when it raised $200 million at a post-money valuation of $1.7 billion.

Date of Last Funding Round August 2018
Value at Last Round $1.67 B
Amount of Last Raise $200 MM
Total Funding to Date $320.9 MM

ENTERPRISE VALUE (based on primary fundings)

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As part of our waterfall and valuation models, SharesPost has included the most recent available Certificate of Incorporation for DraftKings, however, we have not found independent public information confirming that the Series F round has been completed.

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NEWS

Yahoo! Finance

There's no doubt DraftKings (NASDAQ:DKNG) is going places. As U.S. states continue to legalize sports betting, the sportsbook giant has a massive growth runway. This means strong prospects for DraftKings stock long-term.Source: Lori Butcher/Shutterstock.com With investors betting on this "story

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