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Form D · on the record

DraftKings Inc. — $228.70M Form D filing, November 2025

DraftKings Inc. filed a Form D with the Securities and Exchange Commission on 2025-11-05.

DraftKings Inc. filed a Form D notice of an exempt securities offering with the SEC on November 5, 2025. The filing reports $228.70M sold. Its industry group is Other Technology. It names Jason Robins (Executive Officer, Director), Matthew Kalish (Executive Officer, Director), Paul Liberman (Executive Officer, Director) (SEC Form D, November 5, 2025).

5 more Other Technology raises in Massachusetts, November 2025 ↓

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DraftKings Inc.

New Form D on file · 2025-11-05 · the record

$228.70M
raise on the record
D
filing
86
investors in
MASSACHUSETTS
based
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What the record says

FilingForm D
Filed2025-11-05
Industry groupOther Technology
Entity typeCorporation
Incorporated inNEVADA
Year formed2022
BasedBoston, MASSACHUSETTS
CIK1883685
Accession0000891836-25-000054

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More on the people and the money behind DraftKings Inc., from the filings we hold.

More raises like this

Other Technology raises by companies based in Massachusetts, filed in November 2025, largest first.

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What the filing shows about DraftKings Inc.

  • 86 investors had already put money in when it filed.
  • The filing names 14 people as officers, directors or promoters.

Only in the Full Report: Who Runs It, And How To Reach Them · Warning Bells · Who Pays Them, And Who They Are Up Against.

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Who the filing names, and in what role

The filing gives DraftKings Inc.'s address as 222 Berkeley Street, 5th Floor, Boston, MA 02116.

What the filing says

  • Offered: $228,700,000. Sold: $228,700,000. Left to sell: nothing, all of it is sold. (filing)
  • Investors: 86 had already invested. (filing)
  • Date of first sale: October 21, 2025. (filing)
  • Types of securities: Equity. (filing)
  • Item 16: the filing reports that none of the proceeds goes to executive officers, directors or promoters. (filing)
  • On the amounts offered and sold: the filing adds “Shares are being issued as (i) upfront consideration and (ii) a contingent earnout, with the value reflecting a good-faith estimate assuming full achievement of the earnout paid in shares, though a portion may be paid in cash at the issuer's option.” (filing)
  • On the business combination question: the filing adds “The shares issued in this offering are in connection with DraftKings Inc.'s acquisition of Railbird Technologies Inc.” (filing)

This is the company's own disclosure. A payment disclosed on a Form D is a disclosed use of proceeds, not a finding of wrongdoing.

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Is DraftKings Inc. a real, registered company?

DraftKings Inc. is a registered filer with the SEC (CIK 1883685) and has filed since 2024-06-06. 3 filings are on record, the latest on 2025-11-05.

A filing shows the company exists and what it reports about itself. It is not an audit or a rating.

Who runs DraftKings Inc.?

DraftKings Inc.'s Form D of 2025-11-05 names Jason Robins, Matthew Kalish, Paul Liberman and 11 more as its officers, directors or promoters.

How much has DraftKings Inc. raised?

Its new offerings report $707.74M sold across 3 offerings, as its own filings state.

Filing history · 3 filings on this registrant
Form D · 2024-06-06 · $324.04MForm D · 2024-12-13 · $155MForm D · 2025-11-05 · $228.70M · this page 2024-06-06 2025-11-05

Each marker is one filing. The larger marker is the filing this page is about.

Other Technology · by week
This raise, $228.70M, filed week of Nov 3

Trailing twelve months. 3844 filings in Other Technology, totalled by week. The dot is this raise, $228.70M, on the same scale — one filing against the whole group's total, so it sits low by construction.

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What the filing shows about DraftKings Inc.

  • 86 investors had already put money in when it filed.
  • The filing names 14 people as officers, directors or promoters.

Only in the Full Report: Who Runs It, And How To Reach Them · Warning Bells · Who Pays Them, And Who They Are Up Against.

Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News

A Full Report on DraftKings Inc.: verified, sourced, every claim cited, ready in a few minutes. See pricing.

What the Full Report on DraftKings Inc. covers

  1. The Short Answer

  2. Which Company This Is

  3. What They Do, And How The Money Works

  4. Who Runs It, And How To Reach Them

  5. The Money: Funding, Valuation, Runway

  6. Who Pays Them, And Who They Are Up Against

  7. Warning Bells

  8. Sources

    1 cited source found

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DraftKings Inc.: Raised $228.70M, Form D filed 2025-11-05
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Permanent URL: https://mentionfox.com/funding/draftkings-inc-form-d-25000001
Last updated 2026-10-29
Primary record: SEC filing 1 · SEC filing 2
DraftKings Inc. raised $228.70M — SEC Form D filing, November 2025. MentionFox, 2026-10-29. https://mentionfox.com/funding/draftkings-inc-form-d-25000001