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Former Fanduel Executives Raises £15.6M To Launch Betdex, Decentralised Betting Venture

PRIVATENov 17, 2021

Amount Raised

£15.6 Million

Round Type

Funding Round

New Yorkentertainment

Description

Former executives of Scottish sports gaming platform FanDuel has raised $21M (approx £15.6M) funding in a Seed round to launch the world’s first decentralised sports betting company – BetDEX. Notably, it is the largest ever seed investment round by a UK startup.

Quick answer

FanDuel raised £15.6 Million in a Funding Round round, dated November 17, 2021. FanDuel is based in New York, New York, United States.

How much did FanDuel raise?
FanDuel raised £15.6 Million in a Funding Round round on November 17, 2021.
What does FanDuel do?
FanDuel Group is the premier mobile gaming company in the United States.
Where is FanDuel based and how big is it?
FanDuel is based in New York, New York, United States. Fundz records about 3,800 employees.
Who are the decision-makers at FanDuel?
Fundz holds 3 contacts at FanDuel. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in entertainment around the same time

Companies in the same sectors as FanDuel that raised within 45 days of this round, from Fundz verified event records.

  • The Sandbox raised $93M on November 2, 2021.

Who to call at FanDuel, and when

A new round usually means FanDuel is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day FanDuel raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at FanDuel, from your own LinkedIn network

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Company Information

Company

FanDuel

Location

41 East 11th Street

New York, New York, United States

About

FanDuel Group is the premier mobile gaming company in the United States. FanDuel Group consists of a portfolio of leading brands across mobile wagering including, America's #1 Sportsbook FanDuel Sportsbook, its leading iGaming platform FanDuel Casino, the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing and its daily fantasy sports product.

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Related People

3 contacts
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ML-powered predictions for FanDuel's next move

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FanDuel raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.