Pre-IPO Profile: FanDuel

Company: FanDuel

Founded: 2009

Total Funding to Date: $361 mm

Investors:

  • KKR
  • Google Capital
  • Time Warner Investments
  • Turner Sports
  • A number of NFL and NBA team owners
  • Shamrock Capital
  • NBC Sports Ventures
  • Comcast Ventures
  • Bullpen Capital
  • Pentech Ventures
  • Piton Capital

Key People:

  • Nigel Eccles, CEO & Co-Founder
  • Lesley Eccles, EVP Marketing & Co-Founder
  • Tom Griffits, CPO & Co-Founder
  • Rob Jones, Creative Director & Co-Founder
  • Chris Stafford, Tech Director & Co-Founder
  • Christian Genetski, CLO
  • Matt King, CFO
  • Robin Spira, CTO

Description: FanDuel is the leading daily fantasy sports provider with the sole mission of making sports more exciting. FanDuel offers a multitude of one-day game options for NFL, NBA, MLB, NHL and college football and basketball, with new public and private leagues forming daily, ranging in size from two to thousands of players. FanDuel is the Official Partner of the NBA and has multiple deals with NFL and NBA teams, driving fan engagement, hosting numerous live events and creating once-in-a-lifetime experiences for sports fans throughout the year. FanDuel announced that at the end of 2014, the company had more than quadrupled its revenue and user base since the start of that year’s football season, reaching close to $60 million in revenue for 2014. Additionally, $560 million was paid out to users in 2014.  This number is expected to reach $2 billion in 2015 with more than 1 million active users.

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