# Drone Racing League

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drone-racing-league

- Industry: Travel & Leisure
- Headquarters: New York, US
- Website: www.thedroneracingleague.com/
- Total disclosed funding: $47M
- Latest round: Series C (Jun 17, 2019)
- Investors on record: 10

## About

Founded in 2015 and based in New York, US, Drone Racing League, Inc. operates as a sports and media company that organizes artificial intelligence robotic racing (AIRR), joined by technologists, engineers, and drone enthusiasts. The company was founded by its CEO, Nicholas Horbaczewski. In April 2024, Infinite Reality, Inc. agreed to acquire Drone Racing League, Inc. from Sky PLC, Liberty Media Corporation, Lux Capital, Allianz AG, ChinaRock Capital Management, World Wrestling Entertainment, Courtside Ventures, Hearst Ventures, Lerer Hippeau Ventures, and RSE Ventures for USD 250 million.

The company provides a professional drone racing platform for the drone pilots to compete and showcase their skills. The firm’s product includes DRL SIM, which is a drone racing simulator used for virtual competitions; physical drone racing events: DRL The firm collaborates with Google Cloud, Allianz, T-Mobile, Genius Sports, Sky Sports, Eleven, StarTimes, and others.

## Funding rounds

- Series C, Jun 17, 2019, $26M — Lux Capital, RSE Ventures
- Series B, Jun 12, 2017, $20M — Lux Capital, Liberty Media Corporation, Lerer Hippeau Ventures, Hearst Ventures, Allianz AG, CRCM, World Wrestling Entertainment, RSE Ventures, Sky PLC, Courtside Ventures
- Series A, Aug 12, 2015, $1M — RSE Ventures

## Investors

- RSE Ventures (https://capitalatlas.ai/funds/rse-ventures) — Series A, Series B, Series C
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series B, Series C
- Liberty Media Corporation — Series B
- Lerer Hippeau Ventures — Series B
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series B
- Allianz AG — Series B
- CRCM (https://capitalatlas.ai/funds/crcm) — Series B
- World Wrestling Entertainment — Series B
- Sky PLC — Series B
- Courtside Ventures (https://capitalatlas.ai/funds/courtside-ventures) — Series B