DraftKings-backed venture capital fund nets $60m investment

US sports stars and sports industry heavyweights join newly created all-star network of financiers

Drive by DraftKings, a multi-stage venture capital firm backed by DraftKings, has concluded its first fundraising exercise, netting a cool $60m from investors in just six months. The fund, which was oversubscribed by 20%, attracted support from US investors including The Kraft Group, Madison Square Garden, Arctos Sports Partners, and Fenway Sports Group’s Mike Gordon,…

DraftKings | Finance | Investment | Sports betting | US