Tag Archives: FanDuel

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FanDuel, DraftKings Settle NY Lawsuit, Ending Yearlong Legal Battle

DraftKings and FanDuel have each agreed to pay $6 million to the state of New York to settle allegations of false and deceptive advertising, clearing the final legal hurdle in an almost yearlong dispute with authorities in one of the most lucrative states for the online daily fantasy sports industry. The settlements announced Tuesday mark […]

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FourPlay Football Offers Fantasy Pick ‘Em Leagues with a Twist

I first started playing fantasy football in 1998, before Yahoo leagues, or channels wholly dedicated to jumping from game to game to show potential scoring drives from the end zone, or multiple talking heads earnestly spouting off about a made-up game each week. Back then, when one still needed a dial-up modem to access the […]

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FanDuel Secures $55,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=49ba5389-ca7a-43d4-bbd7-7596122b037d Date 9/16/2016 Company Name FanDuel Mailing Address 19 Union Square West New York, NY 10003 USA Company Description FanDuel is the leader in one-day fantasy sports for money with immediate cash payouts, no commitment and leagues from as little as $1. Website http://www.fanduel.com Transaction Type Venture Equity Transaction Amount $55,000,000 Transaction […]

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DraftKings Grabs $153M From Revolution Growth, Other Backers

Fresh off the legalization of online daily fantasy sports in New York and Massachusetts, investors have poured another $153 million into DraftKings. The massive funding round was first reported by Fortune. A DraftKings spokeswoman confirmed the investment in an e-mail to Xconomy. The investors include new backer Revolution Growth. That Washington, DC-based venture firm was co-founded […]

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Boston Tech Watch: DraftKings, Everbridge, GE & NuTonomy

As summer winds down, we are tracking tech startups, big companies, a proposed IPO, and a couple of sectors fraught with regulatory challenges (daily fantasy sports and self-driving vehicles): —General Electric’s new Boston headquarters officially opened on Monday. About 175 employees have moved into the Fort Point offices, and the energy and manufacturing giant expects […]

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FanDuel, DraftKings Return to NY as Fantasy Sports Laws Proliferate

The future of the online daily fantasy sports industry seemed in jeopardy toward the end of last year, after an insider trading-like scandal prompted intense scrutiny and triggered efforts nationwide to regulate or even shut down the companies in some states, like New York. What a difference a few months make. New York Gov. Andrew […]

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Google Capital Backs Public Firm Care.com as Investment Lines Blur

[Corrected 6/30/16, 2:49 p.m. See below.] Google Capital’s $46.35 million investment in publicly traded Care.com, announced Wednesday, marked a departure from the firm’s usual bets on late-stage private companies and illustrated how the traditional lines in the venture capital world are being redrawn. Care.com (NYSE: CRCM) is the first investment in a public firm by […]

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Boston Tech News: Funding, Fantasy Sports, Co-working Spaces & More

[Updated 6/27/16, 2:13 p.m., to include Hack/secure news.] It’s time to catch up on a few recent developments in the Boston tech world. We’ve got funding news, the latest on the DraftKings saga in New York, shuttered co-working spaces, and people on the move. Read on for details. —Accomplice’s Chris Lynch and Cort Johnson have formed an […]

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Boston Tech Watch: DraftKings, Demandware, Startup Shutdown & More

This week in Boston tech, we’re tracking DraftKings merger rumors, the aftermath of the Salesforce-Demandware deal, a startup closure, new venture funding, money for cybersecurity education, and an expanding accelerator located outside the Boston area. Read on for details. —Rumors swirled this week that the two biggest online daily fantasy sports companies—Boston-based DraftKings and New […]

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Boston Tech Watch: Akamai HQ, HubSpot Book, DraftKings, More

This week, we’re tracking the latest news about Akamai’s headquarters, Massachusetts daily fantasy sports regulations, a controversial book about HubSpot, a new robotics startup from former Kiva Systems executives, and an acquisition of a local cloud software startup. Read on for details. —Massachusetts attorney general Maura Healey released rules regulating the daily fantasy sports industry […]

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