FanDuel raising $275m at a valuation of over $1bn

FanDuel, the market leader in the daily fantasy sports industry, has reportedly raised $275m in Series E financing, bringing the company’s total capital raised to $363m at a valuation of over $1bn.  The latest funding round was oversubscribed and led by KKR with Google Capital and Time Warner Investments.  Previous investors Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Bullpen Capital, Pentech Ventures and Piton Capital re-invested in FanDuel during the Series E raise.