About FanDuel
FanDuel is a company based in New York (United States) founded in 2009 was acquired by Accel Entertainment in December 2024.. FanDuel has raised $416.2 million across 8 funding rounds from investors including KKR, NBA and Accel Entertainment. FanDuel has completed 3 acquisitions, including AlphaDraft, BeyondPlay and numberFire. FanDuel operates in a competitive market with competitors including DraftKings, Dream Sports, MPL, GreenPark Sports and Underdog Fantasy, 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
$416.2 M (USD)
in 8 rounds
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Latest Funding Round
$55 M (USD), Series E
Sep 15, 2016
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Investors
KKR
& 16 more
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Employee Count
Employee Count
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Investments & Acquisitions
AlphaDraft
& 2 more
- Acquired by
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Software Development Team
197 people
Product Management Team
128 people
Operations Team
66 people
Leadership Team
64 people
Senior Team
42 people
Data Analysis and Operations Team
39 people
VIP Team
33 people
Sales and Marketing
32 people
Unlock access to complete
Funding Insights of FanDuel
FanDuel has successfully raised a total of $416.2M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $55 million completed in September 2016. 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 8
- Last Round Series E — $55.0M
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First Round
First Round
(01 Jan 2009)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Series E - FanDuel | Valuation |
investors |
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| Jun, 2016 | Amount | Debt – Venture - FanDuel | Valuation |
investors |
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| Jul, 2015 | Amount | Series E - FanDuel | Valuation | KKR |
| 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 FanDuel
FanDuel has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include KKR, NBA and Accel Entertainment. 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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Venture debt financing is provided to companies in multiple sectors.
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Founded Year | Domain | Location | |
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Private equity and debt funds focused on media, entertainment, content, sports, marketing, and education sectors
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused venture capital firm investing in the US and Canada
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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 FanDuel
FanDuel has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AlphaDraft, BeyondPlay and numberFire. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Games are developed by BeyondPlay for digital platforms in London.
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2020 | ||||
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Daily fantasy eSports contests are hosted for cash prizes.
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2014 | ||||
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Predictive sports analytics and fantasy projections are offered online.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FanDuel
| 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 |
Fanduel Comparisons
Competitors of FanDuel
FanDuel 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, Dream Sports, MPL, GreenPark Sports and Underdog Fantasy, 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 |
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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Latest news on Fanduel
Frequently Asked Questions about FanDuel
When was FanDuel founded?
FanDuel was founded in 2009.
Where is FanDuel located?
FanDuel is headquartered in New York, United States. It is registered at New York, New York, United States.
Is FanDuel a funded company?
FanDuel is a funded company, having raised a total of $416.2M across 8 funding rounds to date. The company's 1st funding round was a Series E of $275M, raised on Jan 01, 2009.
What does FanDuel do?
FanDuel was founded in 2009 and is based in New York, United States. A digital platform for fantasy sports is operated, where games covering NFL, MLB, NBA, soccer, and golf are made available. Contests are chosen by users, who then participate in competitions against others. Operations focus on the online gaming sector, with services centered on daily and seasonal fantasy formats across multiple sports.
Who are the top competitors of FanDuel?
FanDuel's top competitors include DraftKings, Dream Sports and MPL.
How many acquisitions has FanDuel made?
FanDuel has made 3 acquisitions, including AlphaDraft, BeyondPlay, and numberFire.
Who are FanDuel's investors?
FanDuel has 17 investors. Key investors include KKR, NBA, Accel Entertainment, Comcast, and Flutter Entertainment.
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