FanDuel secures $275m in financing

By David Cook
Daily fantasy sports operator FanDuel has announced it has closed $275m in Series E financing.

The round was led by investment firm KKR, equity fund Google Capital, Time Warner Investments Group and sports programming operator Turner Sports, and total capital raised has increased to $363m. Also participating in the round were a number of National Football League and National Basketball Association team owners, as well as previous investors.

FanDuel said: “The financing will be used to increase customer acquisition efforts across the US, accelerate the introduction of new products, features and growth initiatives to serve the company’s mission to create the ultimate fan experience, and to build out its industry-leading management team.”



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