Fenwick & West advised FanDuel Inc., one of the global leaders in one-day fantasy sports, in its $70 million Series D financing. The round was led by led by Shamrock Capital Advisors, LLC, with NBC Sports Ventures and KKR participating. Existing investors Comcast Ventures, Pentech Ventures, Bullpen Capital, Scottish Enterprise, and serial investor Richard Koch also participated. As a part of the financing, Shamrock Capital Advisors’ Partner, Mike LaSalle, and Principal, Alan Resnikoff, have joined FanDuel's board and Rick Cordella, Senior Vice President and General Manager, Digital Media, NBC Sports Group has joined as a board observer.
The new funding will allow the company to expand its teams in New York and Edinburgh and continue to introduce innovative, new products and features to its players across North America. Additionally, with this fantasy football season poised to be the biggest yet, this funding will help FanDuel reach a wider audience than ever before. More information on FanDuel’s $70M Series D financing can be obtained in the company press release.
The Fenwick transaction team was led by corporate partners Mark Stevens and David Michaels.