SeventySix Capital Announces Three New Investments

Leading VC invests in Augmented Reality, NFTs, and Social Gaming Startups

CONSHOHOCKEN, PA (October 18, 2021) - Today, the leading sports industry venture capital company, SeventySix Capital announced three new investments into disruptive sports tech and sports betting companies: Quintar, NFTPro™, and Lucra Sports. 

“We are excited to unveil the first three innovative sports focused investments in our new fund,” stated Managing Partner, Wayne Kimmel. “The management teams of these companies exemplify the types of entrepreneurs who are transforming the sports industry.”

Quintar, led by Dr. S. “Jay” Jayaram and Dr. Jeff Jonas, who sold their last company to Intel in 2016, is an augmented reality (AR) based fan technology company enabling content owners, creators, and rights holders to build captivating live action AR experiences and revolutionize fan engagement. “The time is now to enhance sports viewership via AR,” said Quintar CEO Dr. Jayaram. “Having SeventySix Capital as an investor enables us to scale our business in unprecedented ways.” 

Cowles Company, Assam Ventures and Pragya Ventures participated in this funding round.

NFTPro™ is the #1 enterprise white label NFT solution for global brands. They provide turnkey solutions – creating, minting, marketing, and selling NFTs from a brand’s website and digital properties making the customer experience seamless and on-brand. Led by Founder and CEO Christian Ferri, NFTPro™ has high-profile clients such as Juventus, Atari and Lamborghini. “NFTPro™ provides the ultimate enterprise-grade, end-to-end, white-label NFT solution,” said Ferri. “We ensure that top brands maintain their identity and give them total control of their NFT and the experience.”

VU Venture Partners also invested in this round.

SeventySix Capital’s third investment of the new fund is Lucra Sports, a social-first sports gaming platform, currently available via the Apple App Store to adults in 37 states led by CEO Dylan Robbins, COO Hannah Farr, and CTO Ed Psyk. Lucra is a peer-to-peer, real money sports gaming platform that allows fans to compete with their friends. “Lucra is for anyone who has ever filled out a bracket, bought a Super Bowl square, or teased a friend about their favorite player or team,” Lucra CEO Robbins stated. “Everything is more fun with friends, and above all, Lucra provides a fun way to engage with friends around sports.” 

Lucra’s other investors include Raptor Group, Milwaukee Bucks owner & Avenue Capital founder Marc Lasry, Toy Ventures, and professional athletes including John Isner, top ATP tennis player, Julie Ertz, U.S. women’s national soccer team 2X World Cup Champion, and Zach Ertz, 3X Pro Bowl Tight End and Super Bowl Champion with the Philadelphia Eagles.

About SeventySix Capital

SeventySix Capital is a venture capital company, led by Wayne Kimmel, Jon Powell and Chad Stender, that invests in game-changing sports betting, esports, and sports technology startups. SeventySix Capital’s existing portfolio companies are leaders in their respective industries: C360, Diamond Kinetics, Fortē, Maestro, Nerd Street, Play by Play, ShotTracker, Swish Analytics, and U.S. Integrity. To date in 2021, SeventySix Capital has sold three portfolio companies: VSiN, the sports betting media network (sold to DraftKings - Nasdaq: DKNG), Vigtory, a next generation sportsbook (sold to FuboTV - NYSE: FUBO), and Team Whistle, a sports and entertainment media company (sold to ELEVEN SPORTS). 

SeventySix Capital also has a Sports Advisory business and its Athlete Venture Group, which allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. Managing Partner Wayne Kimmel also hosts the SeventySix Capital Leadership Series, a weekly podcast that features the sports industry’s top entrepreneurs, athletes, and thought leaders. In addition, SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency, and is a partner with the American Gaming Association to promote its #HaveAGamePlan responsible sports betting campaign.

SeventySix Capital Raises Second Sports Focused Venture Capital Fund

Investors include pro team owners, athletes, and the Commonwealth of Pennsylvania

Today, the sports industry leading venture capital company, SeventySix Capital, announced the initial closing of its second fund to invest in passionate entrepreneurs who are launching game-changing sports betting, esports and sports tech companies. 

SeventySix Capital, led by Wayne Kimmel, Jon Powell and Chad Stender, has reshaped the sports venture capital industry. To date in 2021, SeventySix Capital has sold three portfolio companies: VSiN, the sports betting media network led by Brian Musburger, Bill Adee and Brent Musburger (sold to DraftKings - Nasdaq: DKNG), Vigtory, a next generation sportsbook led by Sam Rattner and Scott Butera (sold to FuboTV - NYSE: FUBO), and Team Whistle, a sports and entertainment media company led by John West and Michael Cohen (sold to ELEVEN SPORTS). 

“This next fund is an important milestone as we continue building SeventySix Capital as the go-to investment company in the sports industry,” said Wayne Kimmel, SeventySix Capital Managing Partner. “We have proven that we have access to the deals and entrepreneurs seeking to transform the sports world and that we are able to help them build their businesses with our capital investment as well as our sports relationships, knowledge and expertise.”

SeventySix Capital added two additional professional sports team owners as investors and strategic partners in the new fund: Robert Nutting, Owner and Chairman of the board of the Pittsburgh Pirates of Major League Baseball and AMBSE Ventures, a subsidiary of AMB Sports + Entertainment, a portfolio company of Arthur M. Blank, Owner and Chairman of the Atlanta Falcons of the National Football League and Atlanta United FC of Major League Soccer. 

SeventySix Capital expanded its roster of athlete investors with the additions of Emmanuel Sanders, Super Bowl Champion and 2X Pro Bowl NFL Wide Receiver of the Buffalo Bills, Alejandro Bedoya, Captain of the Philadelphia Union, former U.S. National team player and SeventySix Capital Athlete Venture Group Co-Chair, and James Develin, 3X Super Bowl Champion and former Pro Bowl Running Back for the New England Patriots. Brian Westbrook, Philadelphia Eagles Hall of Fame Running Back and SeventySix Capital Athlete Venture Group Chair and DeMarco Murray, former NFL All-Pro Running Back and Coach at the University of Oklahoma are return investors along with the Commonwealth of Pennsylvania’s Ben Franklin Technology Development Authority and multiple family offices.

“I’m excited to officially join the already dynamic team at SeventySix Capital that I have gotten to know well over the last several years through my marketing agent, Dave Maryles (Partner at Rubicon Talent),” said Emmanuel Sanders. “Given my personal passion for esports, it’s great working with Nerd Street, their esports portfolio company. We share similar values and interests in entrepreneurship, the sports business, and overall the drive to work hard to achieve lofty goals.”

SeventySix Capital’s current portfolio companies are leaders in their respective industries: C360, Diamond Kinetics, Fortē, Maestro, Nerd Street, Play by Play, ShotTracker, Swish Analytics, and U.S. Integrity.

This new fund will invest in startup companies that are disrupting and innovating the sports industry through the use of analytics, data and technology. SeventySix Capital aims to capitalize on the growing legal sports betting industry in the United States. The American Gaming Association (AGA) confirmed that U.S. commercial gaming revenue for the first seven months of 2021 nearly matched the entirety of 2020 and is 17.4 percent ahead of the same period in 2019, with 26 states (and Washington D.C.) having launched regulated sports betting. DraftKings (NASDAQ: DKNG) believes the US online sports betting market could eventually be worth $22 billion, assuming 100 percent legalization. The fund will also make investments in companies seeking to transform the fast-growing esports and Gaming industry. Gaming analytics and market research firm Newzoo stated that close to one-third of the global population games and the U.S. Video Game industry in 2020 was larger than Music and Movies combined, according to The NPD Group.

SeventySix Capital Venture Partner and Advisory members include Tim Cabral, former CFO of the $46+ billion market cap company, Veeva Systems, Dan Mason, former CEO of CBS Radio and a National Radio Hall of Fame member, and Michael Schreiber, CEO of Playfly Sports, Co-Founder of SeventySix Capital Sports Advisory and a former executive at NBCUniversal, Comcast and Altice USA.

Steven M. Cohen from Morgan Lewis acted as SeventySix Capital’s fund formation legal counsel and Adam Berger from Duane Morris is the fund’s gaming counsel.

About SeventySix Capital
SeventySix Capital is a venture capital company that invests in game-changing sports betting, esports, and sports technology startups. SeventySix Capital also has a Sports Advisory business and its Athlete Venture Group, which allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. Managing Partner Wayne Kimmel also hosts the SeventySix Capital Leadership Series, a weekly podcast that features the sports industry’s top entrepreneurs, athletes, and thought leaders. In addition, SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency, and is a partner with the American Gaming Association to promote its #HaveAGamePlan responsible sports betting campaign, along with NASCAR, NHL, PGA Tour, UFC, DraftKings, FanDuel, Sinclair Broadcasting Group, Washington Football Team, and others.

SeventySix Capital Becomes First Investment Company to Join Have A Game Plan.® Bet Responsibly.™ Public Service Campaign

SeventySix Capital Becomes First Investment Company to Join Have A Game Plan.® Bet Responsibly.™ Public Service Campaign

SeventySix Capital will activate the campaign through its unique relationships with entrepreneurs transforming the sports betting industry

WASHINGTON, Aug. 30, 2021 /PRNewswire/ -- On Monday, SeventySix Capital became the newest partner of the American Gaming Association's (AGA) Have A Game Plan.® Bet Responsibly.™ public service campaign. SeventySix Capital, which invests in game-changing sports betting startups, will be the first investment company to join the initiative to promote responsible sports betting.

As part of its commitment, SeventySix Capital will activate the campaign through its social media channels, company podcasts, and newsletters. SeventySix Capital and the AGA will also discuss this new partnership on an episode of the SeventySix Capital Leadership Series, its weekly podcast, which will air on September 1st.

"SeventySix Capital shares the belief with the AGA that educating consumers on the basics of responsible sports betting is important to the longevity of the industry," said Wayne Kimmel, SeventySix Capital's Managing Partner. "We are proud to join forces with the AGA and other campaign partners as the first investment company partner in this effort. We will help promote Have A Game Plan, specifically with the entrepreneurs that are working to transform the sports betting industry."

"We're excited to partner with SeventySix Capital, whose innovative ideas and technologies reach widely across the sports betting landscape," said Casey Clark, AGA senior vice president, strategic communications. "The success of the legal sports betting industry hinges on a shared commitment to responsibility—and as American access to the legal market continues to expand, educating consumers on the importance of responsible betting is critical. We're proud to welcome SeventySix Capital to Have A Game Plan and are thankful for their commitment to keeping bettors safe and informed."

The AGA's Have A Game Plan campaign focuses on the core principles of responsible sports betting: setting a budget and sticking to it, keeping betting social, knowing the odds and playing with trusted, regulated operators.

Sports betting is now legal in 32 states and the District of Columbia, with 23 jurisdictions already operational. 

The AGA launched Have A Game Plan in late 2019 to educate sports fans on the principles of responsible sports betting. SeventySix Capital joins official campaign partners DraftKings, FanDuel, Monumental Sports and Entertainment, NASCAR, the NHL, the PGA TOUR, Sightline Payments, Sinclair Broadcast Group, Vegas Golden Knights, the Washington Football Team and UFC.

For more information, please visit https://www.haveagameplan.org.

About the AGA

The American Gaming Association (AGA) is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, suppliers, and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming's modern appeal and vast economic contributions.

For more information, please visit https://www.americangaming.org.

About SeventySix Capital

SeventySix Capital is a venture capital company that invests in game-changing sports betting, esports, and sports technology startups. In 2021, SeventySix Capital sold three portfolio companies - VSiN, the sports betting media network (sold to DraftKings), Vigtory, a next generation sportsbook (sold to FuboTV), and Team Whistle, a sports and entertainment media company (sold to ELEVEN SPORTS). Other public companies that have acquired SeventySix Capital's portfolio companies include: Aramark, Intel, IBM, Walgreens and Yahoo.

SeventySix Capital also has a Sports Advisory business, its Athlete Venture Group, the Leadership Series, and a strategic partnership with Rubicon Talent, a sports marketing and talent agency.

For more information, please visit https://www.seventysixcapital.com.       

CONTACT
Cait DeBaun
press@americangaming.org

Ty Jackson
ty@seventysixcapital.com

SOURCE SeventySix Capital

Related Links

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SeventySix Capital Invests in Quintar

SeventySix Capital, a leading sports tech venture capital firm that focuses on investing in sports tech, esports and sports betting companies, invested in Quintar, a Santa Clara, CA-based augmented reality company. This investment adds to SeventySix Capital’s growing portfolio of innovative companies that are transforming the sports industry.

Quintar, led by CEO and Founder, Dr. Sankar “Jay” Jayaram - former CTO at Intel, is developing an AR-centered fan technology platform company enabling content owners, creators, and rights holders to build captivating live action AR experiences and revolutionize fan engagement.

“We are hoping with what we’re going to be doing this year, these experiences on mobile devices will become commonplace next year, and on AR headsets whenever the right ones come out," Dr. Jayaram said in an interview.

SeventySix Capital partner Chad Stender said in a statement, "The sports industry is being transformed by entrepreneurs who are developing new technology to make dynamic, new fan experiences."

“Our team at SeventySix Capital is thrilled to be backing Jay, Jeff and the team at Quintar who are creating a true Augmented Reality technology platform by ingesting statistics, sports betting data, analytics and video and then presenting it in a way to wow sports fans,” Stender explained.

Cowles Company, Assam Ventures, Pragya Ventures and others joined SeventySix Capital in the seed round.

Alejandro Bedoya to Co-Chair SeventySix Capital Athlete Venture Group

CONSHOHOCKEN, PA. (APRIL 15, 2021) - SeventySix Capital, the sports tech venture capital company that recently sold two of its sports betting portfolio companies, Vigtory to fuboTV and VSiN to DraftKings, names Alejandro Bedoya, the Captain of Philadelphia Union (MLS), former US Men’s National Soccer Team player, and activist, as the Co-Chairman of the SeventySix Capital Athlete Venture Group.

As Co-Chairman, Bedoya will recruit other athletes, entertainers, and influencers to the Athlete Venture Group and help advise SeventySix Capital’s sports tech startups and entrepreneurs. Bedoya, Athlete Venture Group Chairman Brian Westbrook, and SeventySix Capital Partner Chad Stender will create opportunities for members of the Athlete Venture Group to invest, learn, and work directly with SeventySix Capital’s portfolio companies.

The SeventySix Capital Athlete Venture Group is bridging the gap between athletes, entrepreneurs, and investors. The Athlete Venture Group is creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer. SeventySix Capital Athlete Venture Group members work hands-on with portfolio companies and enable more athletes to work with exciting startups in esports, sports betting, data collection, data analytics, media and the overall sports tech industry.

“Business and investing have been a passion of mine since college. Soccer has allowed me to travel the world and enabled me to develop relationships with top business leaders and given me a plethora of business opportunities,” said Bedoya. “I have invested in real estate and venture capital and am excited to work closely in the sports tech investment space with Brian, Chad and the team at SeventySix Capital.”

“It has been great getting to know Alejandro the last few years, both on the sports and business fronts.” said Stender. “He is a leader on and off the field and we are excited to add him to the leadership team of our SeventySix Capital Athlete Venture Group.”

Bedoya was born in New Jersey and grew up in Florida. His father and grandfather who are from Colombia both played professionally as well. Bedoya started his professional soccer career in Europe, playing for clubs in Sweden, Scotland, and France before returning to America to play for the Philadelphia Union of the MLS. Bedoya was also a member of the US Men’s National Soccer team and represented the United States at the 2014 World Cup in Brazil.

Bedoya is involved in various business ventures. Bedoya founded and runs a real estate firm named Brighthill Partners with his wife, Beatrice. They currently own nine properties throughout Ft. Lauderdale, Miami and Philadelphia. Additionally, Bedoya is an owner in ICNCLST, an artist representation firm.

About SeventySix Capital

SeventySix Capital is a sports tech venture capital company that invests in passionate, smart and nice entrepreneurs who are launching game-changing tech startups in the sports tech, esports and sports betting industries.

SeventySix Capital also has a Sports Advisory business, Athlete Venture Group (athleteventuregroup.com), media arm, and a strategic partnership with Rubicon Talent.

SeventySix Capital Sports Advisory is a sports consulting group comprised of an expert team focused on bringing the emerging innovations and technology to sports executives, teams, leagues, brands and athletes. The Sports Advisory works side by side with these change-makers across the evolving landscape of sports, including esports, sports betting, media and social responsibility.

SeventySix Capital’s Athlete Venture Group allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. The firm aims to bridge the gap between athletes, entrepreneurs, and investors by creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer.

The media arm of SeventySix Capital supports its portfolio companies, runs events, and produces the SeventySix Capital Leadership Series video podcast.

Additionally, SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency based in New York City with a wide range of clients including NFL and NBA stars, Hall of Famers, MVPs, Heisman Trophy winners, Olympic icons, media personalities, and celebrity chefs.

Silicon Valley Tech CFO Tim Cabral Joins SeventySix Capital

SeventySix Capital, the sports tech venture capital company that invests in sports tech, esports and sports betting companies, announces that Tim Cabral, former CFO of Veeva Systems (NYSE: VEEV) has joined the team as a Venture Partner and Strategic Advisor. Cabral will focus his efforts across SeventySIx Capital’s venture capital funds and Sports Advisory practice.

Cabral has served as CFO of Veeva Systems from February of 2010 to August 2020. As CFO, Cabral helped Veeva grow from $10m in annual revenue to now nearly $1.5bn with a market cap of roughly $40 billion.

In addition, Cabral was instrumental in Veeva’s very successful initial public offering in October of 2013 which raised over $300m in primary and secondary capital and has seen an increase of market capitalization since the offering of more than 10x.

“Tim has been a tremendous supporter of SeventySix Capital,” said Managing Partner Wayne Kimmel. “Tim’s financial expertise, business strategy, and relationships in the tech industry will be an extra added value for us and our portfolio companies.

“I am excited to join the team at SeventySix Capital,” said Cabral. “Now is the time to innovate and transform the sports industry through the use of data and technology. I look forward to using my experience to help accelerate, advise, and make strategic introductions for our portfolio companies.”

Today, Cabral is on the Boards of ServiceTitan, an Industry Cloud company for the home services trades, and Doximity, the leading professional medical network in the United States. In addition, he has joined Santa Clara University as an adjunct professor in the business school.

Cabral joins Dan Mason, former CEO of CBS Radio, and Mike Schreiber, CEO of Playfly Sports, who hold similar roles at SeventySix Capital.

About SeventySix Capital

SeventySix Capital is a sports tech venture capital company that invests in passionate, smart and nice entrepreneurs who are launching game-changing tech startups in the sports tech, esports and sports betting industries.

SeventySix Capital also has a Sports Advisory business, Athlete Venture Group, media arm, and a strategic partnership with Rubicon Talent.

SeventySix Capital Sports Advisory is a sports consulting group comprised of an expert team focused on bringing the emerging innovations and technology to sports executives, teams, leagues, brands and athletes. The Sports Advisory works side by side with these change-makers across the evolving landscape of sports, including esports, sports betting, media and social responsibility.

SeventySix Capital’s Athlete Venture Group allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. The firm aims to bridge the gap between athletes, entrepreneurs, and investors by creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer.

The media arm of SeventySix Capital supports its portfolio companies, runs events, and produces the SeventySix Capital Leadership Series video podcast.

Additionally, SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency based in New York City with a wide range of clients including NFL and NBA stars, Hall of Famers, MVPs, Heisman Trophy winners, Olympic icons, media personalities, and celebrity chefs.

Contact

James Santore

Director of Marketing, SeventySix Capital

james@seventysixcapital.com

(609) 605-1698

SeventySix Capital portfolio company, VSiN, Acquired by DraftKings

Full release via DraftKings:

DraftKings Inc. (Nasdaq: DKNG) announced that it has acquired Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company delivering trusted sports betting news, analysis, and data to U.S. sports bettors since 2017. The acquisition will enable DraftKings, which is live with mobile and/or retail sports betting in 14 states, to further build out its content capabilities and will augment VSiN’s ability to broaden their audience alongside the expansion of legal sports betting in the U.S.

“VSiN creates authentic and credible content that resonates with sports bettors at every level, whether they’re experienced or new to sports betting,” said Jason Robins, DraftKings’ co-founder, CEO and Chairman of the Board. “In addition to its brand equity among sports bettors and engaging talent roster, VSiN also has an established infrastructure that DraftKings can immediately help expand, in the hopes of adding value to consumers who are looking to become more knowledgeable about sports betting.”

VSiN, which operates out of Las Vegas, develops, produces, and distributes up to 18+ hours of live linear sports betting content each day. In addition to its 24/7 stream, VSiN’s original content is accessible through multiple video and audio channels including Comcast Xfinity, Sling TV, fuboTV, Rogers’ Sportsnet, MSG Networks, NESN, AT&T Pittsburgh, Marquee Sports Network, a dedicated channel on iHeartRadio and TuneIn, as well as terrestrial radio stations throughout the country, and its growing slate of podcasts and betcasts. VSiN’s current talent roster includes Brent Musburger, legendary sports broadcaster; Michael Lombardi, former NFL executive; Gill Alexander, host of the Beating the Book podcast; and Pauly Howard and Mitch Moss, co-hosts of VSiN’s popular morning show, Follow The Money.

“We created VSiN as a destination for sports bettors to find the most credible content to help inform their wagering decisions,” said Brian Musburger, CEO of VSiN. “Harnessing the power and network of the DraftKings brand will allow us to reach an even wider audience with our unique content.”

DraftKings’ vision is for Brian Musburger and his leadership team to continue to manage day-to-day operations while maintaining editorial independence. DraftKings intends to fully integrate VSiN’s current employee base located in Las Vegas, including its on-air talent, into its 2,600 person global workforce. Since opening a Las Vegas office in January 2020, DraftKings has grown its local employee base by 132%. The Company also recently announced a multi-year agreement to become a primary sponsor of the Center for Gaming Innovation, housed within the International Gaming Institute at the University of Nevada, Las Vegas.

About DraftKings

DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators in 17 countries. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.

Forward-Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, as amended. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact

media@draftkings.com

@DraftKingsNews

Investor Contact

investors@draftkings.com

Brian Westbrook to Lead SeventySix Capital Athlete Venture Group

CONSHOHOCKEN, PA (March 25, 2020) - SeventySix Capital, the sports tech venture capital company that invests in sports tech, esports and sports betting companies, names former Philadelphia Eagles All-Pro running back, broadcaster and investor Brian Westbrook as the Chairman of the SeventySix Capital Athlete Venture Group.

The SeventySix Capital Athlete Venture Group is bridging the gap between athletes, entrepreneurs, and investors. The Athlete Venture Group is creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer. SeventySix Capital Athlete Venture Group members work hands-on with portfolio companies and enable more athletes to work with exciting startups in esports, sports betting, data collection, data analytics, media and the overall sports tech industry.

As Chairman, Westbrook will recruit other athletes, entertainers, and influencers to the Athlete Venture Group and help advise SeventySix Capital’s sports tech startups and entrepreneurs. Westbrook and SeventySix Capital Partner Chad Stender will create opportunities for members of the Athlete Venture Group to invest, learn, and work directly with SeventySix Capital’s portfolio companies.

“I am excited to Chair the Athlete Venture Group because I believe athletes, entertainers and influencers have the opportunity to transform the venture capital industry,” said Westbrook. “Chad and I are out there helping our members monetize their financial and social capital.”

“The role of Chairman of our SeventySix Capital Athlete Venture Group is a logical next step in our relationship with Brian, as he has been an investor with us and has been a tremendous supporter over the last couple of years,” said Partner Chad Stender. “He’s been a keynote speaker at our events, participated in the due diligence process of numerous investment opportunities and has made key strategic sports industry introductions for us.”

Westbrook had a stellar NFL career as a running back with the Philadelphia Eagles and San Francisco 49ers where he was named to 2 Pro Bowls (2004, 2007), First-team All-Pro (2007) and is a member of the Eagles Hall of Fame. In college at Villanova University, Westbrook won the Walter Payton Award (2001), 2X Atlantic-10 Offensive Player of the Year (2000, 2001), and is a member of the Villanova Athletics Hall of Fame. Westbrook also holds the all-time NCAA all-purpose yards record with 9,512 yards.

Westbrook is also a broadcaster on several shows and networks, he is a host of the Philadelphia Eagles Pregame Show, is a contributor to The Mike Missanelli Show on 97.5 The Fanatic, host of The Lefkoe Show on Bleacher Report with Adam Lefkoe, and is a weekly contributor to the First Things First show on Fox Sports 1.

Additionally, Westbrook is the founder of The Brian Westbrook Foundation’s Empowerment Center. The Center serves underprivileged youth, offering them the opportunity to enrich their financial knowledge, leadership skills, and life skills through character training and vocational training. Furthermore, he founded the Westbrook Horse Farm as a boarding facility which he ran for 11 years and is now becoming the home of the Brian Westbrook Foundation.

About SeventySix Capital

SeventySix Capital is a sports tech venture capital company that invests in passionate, smart and nice entrepreneurs who are launching game-changing tech startups in the sports tech, esports and sports betting industries.

SeventySix Capital also has a Sports Advisory business, Athlete Venture Group (athleteventuregroup.com), media arm, and a strategic partnership with Rubicon Talent. SeventySix Capital Sports Advisory is a sports consulting group comprised of an expert team focused on bringing the emerging innovations and technology to sports executives, teams, leagues, brands and athletes. The Sports Advisory works side by side with these changemakers across the evolving landscape of sports, including esports, sports betting, media and social responsibility.

SeventySix Capital’s Athlete Venture Group allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. The firm aims to bridge the gap between athletes, entrepreneurs, and investors by creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer.

The media arm of SeventySix Capital supports its portfolio companies, runs events, and produces the SeventySix Capital Leadership Series video podcast.

Additionally, SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency based in New York City with a wide range of clients including NFL and NBA stars, Hall of Famers, MVPs, Heisman Trophy winners, Olympic icons, media personalities, and celebrity chefs.

Contact

James Santore

Director of Marketing, SeventySix Capital

james@seventysixcapital.com

(609) 605-1698

SeventySix Capital portfolio company, Vigtory, Acquired by FuboTV

The company said its expected expansion into wagering and interactivity will further differentiate it from its competitors.

Free-to-play predictive games will mark the beginning of FuboTV’s gambling roadmap, it said, which it believes will enhance the sports streaming experience while providing a bridge between its video service and sportsbook.

The acquisition of Vigtory allows FuboTV to accelerate the launch of its Fubo Sportsbook. The brand has secured its first market access deal in Iowa through Casino Queen.

It has also signed agreements with Major League Baseball (MLB) and the National Basketball Association (NBA) to become an authorized gaming operator of each league.

The agreements mean Fubo will have access to official data and may include MLB and NBA league marks and logos within the Fubo Sportsbook when it is rolled out.

FuboTV plans to launch its free-to-play predictive games in the third quarter of 2021, first to FuboTV subscribers and later to all consumers.

Its sportsbook brand is expected to launch in the fourth quarter. (via iGB North America)

SeventySix Capital Promotes Chad Stender To Partner

CONSHOHOCKEN, PA (January 8, 2021) - SeventySix Capital, the sports tech venture capital company that focuses on investing in seed and early-stage sports tech, esports and sports betting companies, is excited to announce that Chad Stender was promoted to Partner. Additionally, Scott Powell was promoted to Analyst and James Santore to Director of Marketing.

Stender has been working at SeventySix Capital for nearly a decade and was previously a Managing Director. Stender focuses on deal sourcing and leads finance, operations and investor relations for the fund. He currently sits on the board of directors of two of SeventySix Capital’s portfolio companies, FORTË and Vigtory.

Stender was awarded the 2018 Philadelphia Business Journal’s 40 Under 40 and the 2018 Southern New Jersey Business People’s 40 Under 40. Prior to joining the company, Stender worked for the Philadelphia Flyers, Comcast Spectacor, co-led a sports accessory startup, and interned for the Philadelphia 76ers and The Walt Disney Corporation. 

Stender has been involved on the non-profit boards of Economy League of Greater Philadelphia, Challah for Hunger and Tribe 12. He received his Bachelors of Business from James Madison University and received his Master's degree from East Stroudsburg University in Sport Management.

“Chad is a critical member of our leadership team at SeventySix Capital including the incredible support he provides to our portfolio companies,” said Managing Partner Wayne Kimmel. “Jon Powell and I believe this is the time to recognize the dedication and hard work of Chad, Scott and James and promote them to new positions as we embark on exciting initiatives in 2021.”

“I am thrilled to become a Partner at SeventySix Capital,” said Stender. “Our team and I have worked hard to position ourselves at the epicenter of the sports industry, accelerate our business and continue to work with entrepreneurs to build the next generation of companies in the sports tech, esports and sports betting industries.

Scott Powell, who previously was an Associate, was named to the role of Analyst where he will focus on managing the deal flow process and due diligence. Prior to SeventySix Capital, Scott interned at Brooklyn Sports & Entertainment, Rubicon Talent and Whistle Sports. He received his undergraduate degree from Penn State University and earned his Master’s degree in Sport Management from Drexel University.

James Santore, who was previously the Chief of Staff, is taking on the role of Director of Marketing, where he will be responsible for communications, social media and producing SeventySix Capital’s Leadership Series. Santore is also the Founder of the La Salle Legends Foundation, whose mission is to reinstate the La Salle University Baseball team. He is the host of the Skyline Spew Podcast and is a blogger for Branded Sports. Prior to SeventySix Capital, he worked at Independence Blue Cross. Santore received his undergraduate degree from La Salle University where he was a Pitcher on their Division I baseball team.

About SeventySix Capital

SeventySix Capital is a sports tech venture capital company that invests in passionate, smart and nice entrepreneurs who are launching game-changing tech startups in the sports tech, esports and sports betting industries.

SeventySix Capital also has a Sports Advisory business, Athlete Venture Group, media arm, and a strategic partnership with Rubicon Talent.

SeventySix Capital Sports Advisory is a sports consulting group comprised of an expert team focused on bringing the emerging innovations and technology to sports executives, teams, leagues, brands and athletes. The Sports Advisory works side by side with these change-makers across the evolving landscape of sports, including esports, sports betting, media and social responsibility.

SeventySix Capital’s Athlete Venture Group allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. The firm aims to bridge the gap between athletes, entrepreneurs, and investors by creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer.

The media arm of SeventySix Capital supports its portfolio companies, runs events, and produces the SeventySix Capital Leadership Series video podcast.

Additionally, SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency based in New York City with a wide range of clients including NFL and NBA stars, Hall of Famers, MVPs, Heisman Trophy winners, Olympic icons, media personalities, and celebrity chefs.

Click here to learn more about SeventySix Capital

Contact

James Santore

Director of Marketing, SeventySix Capital

james@seventysixcapital.com

(609) 605-1698 

Former CBS RADIO CEO Dan Mason Joins SeventySix Capital

CONSHOHOCKEN, PA (October 30, 2020) - SeventySix Capital, the sports tech venture capital company that focuses on sports tech, esports and sports betting companies, announces that Dan Mason has joined the team as a Venture Partner and Strategic Advisor. Mason will focus his efforts across SeventySIx Capital’s venture capital funds, Sports Advisory practice and media opportunities.

Mason served as President and Chief Executive Officer of CBS RADIO until his retirement in 2015. In that role, he oversaw CBS RADIO’s 117 stations across 26 markets, including all of the Top 10 markets such as WFAN in New York and WIP-FM in Philadelphia, as well as the day-to-day operations of the division. 

Currently, Mason is the Chairman of SeventySix Capital’s portfolio company, VSiN - The Sports Betting Network. 

“I’ve been working closely with Dan and the top executives at VSiN for the last several years,” said SeventySix Capital Managing Partner Wayne Kimmel. “Dan’s media expertise, business strategy and relationships have proven to be incredibly helpful. We cannot wait for him to provide similar guidance to us and our companies.”

“I am excited to join the team at SeventySix Capital,” said Mason. “There is tremendous opportunity to reimagine the entire sports industry and I look forward to investing, advising and making strategic introductions for our sports portfolio companies.”

Mason initiated an aggressive growth strategy at CBS RADIO including the launch of CBS Sports Radio, a 24-hour, seven-day-a-week lineup of national programming from premier entities CBS RADIO and CBS Sports. Under Mason’s leadership, CBS RADIO also took a number of steps to expand its digital presence; including building the online audio streaming platforms Radio.com and creating mobile applications that allow listeners to interact with CBS RADIO stations on the go, and expanding its use of online video to complement the division’s over–the-air programming.

A native of Louisville, Kentucky, Mason graduated from Eastern Kentucky University and in 2006 was presented with an honorary Doctorate of Humanities from that institution. He has won several awards including most recently the 2020 Broadcasting and Cable Hall of Fame Award presented to the pioneers, leaders and innovators in the media who have made exceptional contributions to the industry throughout their career. 

Mason currently serves on the board of The Broadcasters Foundation of America, an organization that serves those in acute financial need within the radio and television industries. He also served several years on the board of directors of the National Association of Broadcasters which presented him in 2012 with their National Radio Award for outstanding leadership within the radio industry.  In 2015, Dan Mason was inducted into the National Radio Hall of Fame at the Museum of Broadcast and Communications in Chicago.  

He also previously served as Senior Advisor for Broadcast Relations to iHeartMedia of New York, America’s largest-reach media company. In that capacity, he advised the company on current and developing issues as they relate to the broadcast radio industry, government relations and important industry associations, including the National Association of Broadcasters. 

Upon retirement from CBS Radio, Dan returned to where his broadcasting career began. Dan Mason resumed a sportscasting career as a radio and television analyst specializing in women’s college basketball on the CBS Sports Network. He also is an analyst on thoroughbred horse racing for the Horse Racing Radio Network, having been a thoroughbred owner for several decades.

About SeventySix Capital

SeventySix Capital is a sports tech venture capital company that invests in passionate, smart and nice entrepreneurs who are launching game-changing tech startups in the sports tech, esports and sports betting industries.

SeventySix Capital also has a Sports Advisory business, Athlete Venture Group, media arm, and a strategic partnership with Rubicon Talent.

SeventySix Capital Sports Advisory is a sports consulting group comprised of an expert team focused on bringing the emerging innovations and technology to sports executives, teams, leagues, brands and athletes. The Sports Advisory works side by side with these change-makers across the evolving landscape of sports, including esports, sports betting, media and social responsibility.

SeventySix Capital’s Athlete Venture Group allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. The firm aims to bridge the gap between athletes, entrepreneurs, and investors by creating opportunities for athletes to become tech investors and for entrepreneurs to access the financial and social capital that professional athletes have to offer.

The media arm of SeventySix Capital supports its portfolio companies, runs events, and produces the SeventySix Capital Leadership Series video podcast.

Additionally, SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency based in New York City with a wide range of clients including NFL and NBA stars, Hall of Famers, MVPs, Heisman Trophy winners, Olympic icons, media personalities, and celebrity chefs.

Click here to learn more about SeventySix Capital

Contact

James Santore

Chief of Staff & Director of Brand Strategy, SeventySix Capital

james@seventysixcapital.com

609) 605-1698