FanDuel, the fantasy sports site that allows users to win real money, has been acquired by UK and Ireland-based Paddy Power Betfair. The terms of the transaction were not disclosed but publicly-traded Paddy Power Betfair will be merging its US operations with FanDuel, injecting some cash to service FanDuel’s existing debt load, and will have […]
Pentech Ventures
#NYCtech Week in Review
Everyone is back and the investors are writing checks edition… With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of a few of things that you may have missed in NYC Tech this week including the fundings, exits, and events. […]
It’s Opening Day for the NFL and FanDuel Closed Their MEGA Round Just in Time
Ok, so maybe it’s a coincidence, but it’s not a big surprise, when you happen to be the market leader in one-day fantasy sports, paying out over $10 million in prize money every week. Which is why the five-year-old fantasy sports site just raised a $70 million Series D round, led by Shamrock Capital Advisors […]