Diligence memo · auto-generated · as of July 2, 2026
DraftKings Inc.
DraftKings Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
DraftKings Inc. operates in Other, based in BOSTON. Join DraftKings today, the premier US destination for DraftKings Sportsbook, DraftKings Casino, and Daily Fantasy Sports.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
Capital & rounds (filed)filed
DraftKings Inc. has raised $1.1B in disclosed capital across 10 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $324M on 2024-05-22.
Most recent recorded round closed around 2025-10-21.
Valuation (modeled)modeled
Provath models DraftKings Inc. at approximately $1.8B (range $1.3B–$2.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.89× the median modeled value of Series D+ Other companies in 2025–2027 (50 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 8 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other peers (25015 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: AP Adhesives Acquisitions, Inc., INNOVATE Corp., Curaleaf Holdings, Inc., Phantom Parent, LP, Impulse Space, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.