• Loading stock data...
Saturday, May 24, 2025
    More
    Deals

    Jerry Jones, Robert Kraft Among Investors in Drive by DraftKings

    • Drive by DraftKings has raised $60 million.
    • The VC firm plans to invest in sports technology and entertainment companies.
    By
    Oct 20, 2021 | 03:37 pm
    UPDATED Oct 20, 2021 | 03:47 pm
    robert_kraft_jerry_jones
    David Butler II-USA TODAY Sports/Design: Alex Brooks

    Drive by DraftKings, a venture capital firm backed by DraftKings, has raised $60 million for its first fund with plans to invest in sports technology and entertainment companies.

    Notable investors include New England Patriots owner Robert Kraft, Dallas Cowboys owner Jerry Jones, Los Angeles Dodgers part-owner Todd Boehly, Madison Square Garden Sports, and Arctos Sports Partners. 

    The firm has already made a series of investments across its target industries. 

    • It was part of a $3.5 million seed round in May for digital media platform Just Women’s Sports.
    • Last month, the firm led a $4 million funding round in Toya, a female-founded gaming studio.
    • It is also an investor in fitness wearable maker WHOOP and Guidesly, an app that advises users on fishing trips.

    Drive by DraftKings’ newly created All-Star Network — advisers of the firm’s investment strategy — includes several other big names like MLB executive Theo Epstein and Red Sox CEO Sam Kennedy.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    exclusive
    by

    Dan Le Batard’s Meadowlark Media Renews Deal With DraftKings
    Meadowlark renews DraftKings deal, securing sponsorship for core shows.
    May 13, 2025; Cleveland, Ohio, USA; Indiana Pacers guard Bennedict Mathurin (00) drives to the basket between Cleveland Cavaliers guard Ty Jerome (2) and center Jarrett Allen (31) during the second half of game five of the second round for the 2025 NBA Playoffs at Rocket Arena.
    by

    Penn Continues to Fight Activist Investor While Admitting Struggles
    The activist battle is heating up ahead of Penn’s shareholder meeting next month.
    May 12, 2025; New York, New York, USA; New York Knicks guard Jalen Brunson (11) dribbles as Boston Celtics guard Derrick White (9) defends in the second half during game four of the second round for the 2025 NBA Playoffs at Madison Square Garden.
    by

    Sports Betting Giants, Leagues Watch Closely As Kalshi Keeps Winning
    Regulators in at least six states have sent Kalshi cease-and-desist letters.
    Sports are shown on TVs behind a bar as guests enjoy the grand opening of DraftKings Sports & Social in Ohio.
    by

    DraftKings, FanDuel Interested in Sports Prediction Markets
    Sports betting giants are eyeing sports “prediction” markets.

    Featured Today

    Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
    by

    Alex Eala Is Defying Her Country’s Odds to Make French Open History
    The Philippines native has overcome a unique set of financial odds.
    May 24, 2025

    Indiana Is the Center of the Basketball Universe—Thanks to Both Pro Teams
    The Fever and Pacers are thriving at the same time.
    Around the Horn - October 26, 2020
    May 23, 2025

    ‘Quirky, Nutty, Bombastic’: 10 ‘Around the Horn’ Faces on Their Top Moments
    “A quirky, nutty, bombastic, mostly wrong, sometimes right, crazy sports family.”
    AA Mint Cards
    May 18, 2025

    Young Collectors Are on a High-Stakes Chase for Ultra-Rare Trading Cards
    “They just want that excitement of the chase,” says a 23-year-old collector.

    More in Deals
    by

    Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP
    Aston Martin is currently seventh in the constructors championship.
    March 20, 2025

    High School Sports Power Signs Eight-Figure Rights Deal in First
    The deal pays roughly $1 million annually, FOS has learned.
    March 27, 2025

    Peyton Manning’s Omaha Productions Gets PE Boost
    The Hall of Famer’s company gains another prominent backer.
    Sponsored

    Hottest Matchups Following NFL Schedule Release
    The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
    March 20, 2025

    Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market
    Maxx Crosby just signed a three-year, $106.5 million extension.
    March 4, 2025

    Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever
    Barkley is coming off a historic 2024 season with the Eagles.
    February 18, 2025

    Tiger Woods Signs First PGA Tour Player to Wear Sun Day Red
    Karl Vilips will wear Sun Day Red at his season debut at the Mexico Open.
    Teammates embrace during matchup in The Hundred cricket league
    February 15, 2025

    Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League
    The England and Wales Cricket Board raised £520m by selling team stakes.