DraftKings Raises $41 Million to Make Fantasy Sports a Daily Habit


The Wall Street Journal
By: Lora Kolodny

DraftKings Inc. has raised $41 million in new venture funding to grow its daily fantasy sports business in the U.S.

The Boston startup plans to add new sports to its platform and increase the winnings and prizes it pays out each month to its app and website users.

The Raine Group led the Series C investment in DraftKings, joined by earlier backers Redpoint Ventures, GGV Capital and Atlas Venture.

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