About DraftStreet
DraftStreet is a company based in New York (United States) founded in 2009 was acquired by DraftKings in July 2014.. DraftStreet has raised $2.24 million across 3 funding rounds from investors including DraftKings and IAC. DraftStreet operates in a competitive market with competitors including DraftKings, FanDuel, Dream Sports, MPL and GreenPark Sports, among others.
- Headquarter New York, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.24 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
DraftKings
& 1 more
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Employee Count
Employee Count
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Acquired by
DraftKings
(Jul 14, 2014)
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Funding Insights of DraftStreet
DraftStreet has successfully raised a total of $2.24M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 May 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2013 | Amount | Seed - DraftStreet | Valuation | IAC |
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| Dec, 2010 | Amount | Seed - DraftStreet | Valuation |
investors |
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| May, 2010 | Amount | Seed - DraftStreet | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DraftStreet
DraftStreet has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DraftKings and IAC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Acquisitions and creations of media and internet brands are managed.
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Founded Year | Domain | Location | |
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Online fantasy sports platforms are provided for multiple sports.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DraftStreet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - DraftStreet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Draftstreet Comparisons
Competitors of DraftStreet
DraftStreet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DraftKings, FanDuel, Dream Sports, MPL and GreenPark Sports, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online fantasy sports platforms are provided for multiple sports.
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| domain | founded_year | HQ Location |
Developer of a fantasy platform for multiple sports
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| domain | founded_year | HQ Location |
Operator of a multifaceted platform for sports content and experiences
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| domain | founded_year | HQ Location |
Real money skill-based gaming is facilitated through an online platform.
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| domain | founded_year | HQ Location |
Provider of a mobile app for multiple fantasy sports
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| domain | founded_year | HQ Location |
Developer of an online fantasy sports platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about DraftStreet
When was DraftStreet founded?
DraftStreet was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is DraftStreet located?
DraftStreet is headquartered in New York, United States. It is registered at New York, New York, United States.
Is DraftStreet a funded company?
DraftStreet is a funded company, having raised a total of $2.24M across 3 funding rounds to date. The company's 1st funding round was a Seed of $452K, raised on May 01, 2010.
What does DraftStreet do?
Draftstreet is a daily fantasy sports website. It was acquired by Draftkings in July 2014 for an undisclosed amount.
Who are the top competitors of DraftStreet?
DraftStreet's top competitors include FanDuel, DraftKings and Dream Sports.
Who are DraftStreet's investors?
DraftStreet has 2 investors. Key investors include DraftKings, and IAC.
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