DraftKings raises $150M for fantasy sports
Fantasy sports site DraftKings has closed $150 million in a new round led by Revolution Capital. DraftKings hasn’t said how it will use the funding, but the upcoming NFL season is when the company spends a majority of its advertising budget, which was more than $150 million on TV ads alone last year, TechCrunch reports.
Arcus Biosciences adds $70M in Series B financing
Arcus Biosciences, an oncology drug developer, has raised $70 million as part of its Series B financing from Taiho Ventures, GV, Invus, DROIA Oncology Ventures and Stanford University, together with its existing investors.Hayward, Calif.-based Arcus will use the funding to develop its small molecule and antibody immuno-oncology approaches to fighting cancer.
Rocket explosion sets back Facebook’s Africa internet plans
SpaceX’s latest mission to launch a satellite to expand Facebook’s presence in Africa ended in flames during a rocket test at the Cape Canaveral Air Force Station. Facebook had planned to use the satellite to provide internet access to parts of sub-Saharan Africa.
Policy panel announced for Disrupt SF
Bradley Tusk of Tusk Ventures, Hemant Taneja of General Catalyst, and Ted Ullyot of Andreessen Horowitz will be onstage at TechCrunch Disrupt SF to discuss how they guide startups through regulation. Get your tickets today!
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