# FanDuel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fanduel

- Industry: Travel & Leisure
- Headquarters: New York, US
- Website: www.fanduel.com
- Total disclosed funding: $658M
- Latest round: Series E (Nov 3, 2016)
- Investors on record: 21

## About

FanDuel Inc. is a leading sports-tech company based in the US that specializes in online gaming solutions, including fantasy sports, sports betting, and digital casino experiences.Founded in 2007 and headquartered in New York, US, FanDuel Inc. operates a fantasy sports platform, sportsbook, and online casino. The company was acquired by Flutter Entertainment in December 2020, securing a funding round of USD 4.2 bn. Amy Howe currently serves as CEO, and FanDuel has completed 16 deals to date.FanDuel provides a diverse range of online gaming solutions, featuring a daily fantasy sports platform, an online sportsbook, and a digital casino. Users can engage in various fantasy sports across multiple disciplines and place bets on sporting events. Its casino segment offers online games like slots and live dealer games, accessible in 24 states including New Jersey, Pennsylvania, and Michigan.For the most recent financial year, FanDuel reported a revenue of USD 14.3 mn, primarily generated through betting revenues from its sportsbook and entry fees from fantasy sports games, utilizing promotional incentives to attract and retain users.Following its acquisition in December 2020, FanDuel aims to utilize the recent funding to enhance its product offerings and expand into new markets. The company is focused on launching innovative gaming products and plans to enter additional states by 2022, targeting increased user engagement and market penetration.

## Funding rounds

- Series E, Nov 3, 2016, $275M — KKR, Shamrock Capital, Pentech Ventures, Comcast Ventures, NBC Sports, Bullpen Capital, Piton Capital, WarnerMedia Investments, Turner Sports International Enterprises, Inc., VTF Capital, True, CapitalG, Next Legacy Partners, Tusk Venture Partners
- Series E, May 2, 2015, $291M — KKR
- Series D, Nov 10, 2014, $1.2M — Shamrock Capital, Pentech Ventures, Comcast Ventures, NBC Capital, Bullpen Capital
- Series D, Aug 4, 2014, $68M — KKR, Shamrock Capital, Pentech Ventures, Comcast Ventures, NBC Sports, Bullpen Capital, Scottish Enterprise
- Series C, Dec 18, 2012, $12M — Pentech Ventures, Comcast Ventures, Dawn Capital, Bullpen Capital, Piton Capital, Europlay Capital Advisors, Iconical, Scottish Enterprise
- Series B, Sep 7, 2011, $4M — Pentech Ventures
- Series B, Jul 28, 2011, $4.3M — Pentech Ventures, Bullpen Capital, Piton Capital, Europlay Capital Advisors, Scottish Enterprise, Serendipity Capital
- Series B, Jun 1, 2011 — FJ Labs
- Series A, May 18, 2010, $0.7M — Pentech Ventures, Scottish Enterprise
- Series A, Dec 19, 2008, $1.3M — Pentech Ventures, Scottish Enterprise

## Investors

- Pentech Ventures (https://capitalatlas.ai/funds/pentech-ventures) — Series A, Series B, Series C, Series D, Series E
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Series A, Series B, Series C, Series D
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- Bullpen Capital (https://capitalatlas.ai/funds/bullpen-capital) — Series B, Series C, Series D, Series E
- Piton Capital (https://capitalatlas.ai/funds/piton-capital) — Series B, Series C, Series E
- Europlay Capital Advisors (https://capitalatlas.ai/funds/europlay-capital-advisors) — Series B, Series C
- Serendipity Capital (https://capitalatlas.ai/funds/serendipity-capital) — Series B
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series C, Series D, Series E
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series C
- Iconical — Series C
- KKR (https://capitalatlas.ai/funds/kkr) — Series D, Series E
- Shamrock Capital (https://capitalatlas.ai/funds/shamrock-capital) — Series D, Series E
- NBC Sports — Series D, Series E
- NBC Capital — Series D
- WarnerMedia Investments (https://capitalatlas.ai/funds/warnermedia-investments) — Series E
- Turner Sports International Enterprises, Inc. — Series E
- VTF Capital (https://capitalatlas.ai/funds/vtf-capital) — Series E
- True (https://capitalatlas.ai/funds/true) — Series E
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series E
- Next Legacy Partners (https://capitalatlas.ai/funds/next-legacy-partners) — Series E
- Tusk Venture Partners (https://capitalatlas.ai/funds/tusk-venture-partners) — Series E