FanDuel secures $275m in financing

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

Updated on 16 July 2015

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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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David Cook

Editor

David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

During his tenure, David led the publication’s largest editorial team to date, guiding its expansion and ensuring consistent, high-quality output across all channels. He also hosted and helped launch the GI Huddle podcast, a project he was proud to bring from concept to reality.

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