DraftKings Stock Corrects After Major Drop: Will You Hold?

Drive by DraftKings, a multi-stage venture capital firm that invests in sports technology and entertainment companies, has raised its first fund of $60 million. DKNG stock is trading at $48.99 in the pre-market session dipping 0.20%.

The New England Patriots, the Jones family, and more than a dozen other prominent investors have raised a new sports fund that’s oversubscribed by 20%. With the help of these prominent investors, Drive by DraftKings is well-positioned to accelerate the growth of the sports tech and entertainment industry.

Drive by DraftKings is an investment firm that aims to help people improve the way they play and consume sports. The company has identified four key themes that are driving the industry’s future. It provides digital sports entertainment products and solutions in the US.

The company’s Business-to-consumer and Business-to-Business segments operate separately. Its platform is used by both online and brick-and-mortar retailers to provide their customers with gaming opportunities.