FanDuel rising, with some local investment ties
Tom Paine
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Dan Primack of Fortune reports that FanDuel, the New York-based real money fantasy sports site, may be on its way to the Unicorn club (billion dollar private valuation) based on a round it is considering seeking.
Five months ago, FanDuel raised $70 million from an investor group that included Shamrock Capital Group and Kohlberg Kravis Roberts & Co. at a $400 million pre-money valuation, according to a Fortune source.
It has some local connections in terms of investors: Comcast Ventures, Doylestown resident Paul Martino's (he's bicoastal) Bullpen Capital, and Kenexa founder Rudy Karsan's Karlani Capital.
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