DraftKings, Inc. reported raising $119M in a private placement filing on March 17, 2017

Mar 19, 2017
Background Information
DraftKings, Inc. provides online daily and weekly fantasy sports contests for cash prizes. The firm's games are structured under salary cap format and new contests are offered every day with instantaneous payouts. Its sports competitions are held across baseball, football, basketball, and hockey. The company was founded by Jason Robins, Paul Liberman, and Matthew Kalish in 2011 and is headquartered in Boston, MA.