Fanduel

FanDuel Group, a subsidiary of Paddy Power Betfair (now Flutter Entertainment), is an innovative sports-tech entertainment company that offers sportsbook, daily fantasy sports, online casino and online horse race betting products.

Fanduel is changing the way consumers engage with their favorite sports, teams, and leagues.

FanDuel was founded on July 21, 2009, by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones and Chris Stafford. The company is headquartered in New York, New York, with offices in California, New Jersey, Florida, Oregon, and Scotland. 

 

FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Betfair US, DRAFT, and TVG. FanDuel Group has a presence across 45 states and 8 million customers.

 

FanDuel is backed by CapitalG, Comcast Ventures, KKR, Shamrock Capital Advisors, Piton Capital, Bullpen Capital, VTF Capital and others. The company has raised a total of $416.2M in funding to date. The company was valued at over $1B after it had raised a Series E round in Jul 2015. The company is currently estimated to be valued at around $10B.

 

FanDuel has also made a number of a acquisitions including numberFire, Kotikan, AlphaDraft etc. The company has also received many awards such as: 2016, Webby Awards: Judges Selection: Best Sports App (Handheld Device); 2015's Fantasy Sports Trade Association (FSTA) Best Daily Fantasy Sports Contest, Best Daily Fantasy Mobile App and Best Fantasy Live Event and many more.

 

 

  • Year founded: 2009
  • Funding Info: $416.2M over 7 Rounds (Latest Funding Type: Convertible Note)
  • Yearly Revenue: $419M (2019)
  • Employee Size: 201-500
  • Business Valuation: Reported to be valued at over $10B as of Oct 2020
  • City/Town: New York
  • State: New York
  • Country: United States
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