Funding round
Dream Sports Growth
Reported as "Growth Equity"
Dream Sports, which works in fantasy sports platform development in Mumbai, raised $400M in a Growth round announced on 24 Mar 2021, led by Technology Crossover Ventures, D1 Capital Partners and Falcon Edge, at a $5.00B post-money valuation. 10 firms took part. It is Dream Sports' first venture round on record.
$400M
Amount raised
$5.00B
Post-money valuation
10
Investors
3 leads
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Dream Sports at $5.00B after the new money. The $400M bought investors about 8.0% of the company. It is Dream Sports' first venture round on record, 13 years after it was founded in 2008. It is 32% of the $1.24B Dream Sports has raised in the venture rounds on record. Dream Sports raised again 8 months later: a Growth round of $840M in Nov 2021, at $8.00B post-money.
Dream Sports' funding rounds
Dream Sports has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 14 Sep 2020, led by Tiger Global Management, TPG and ChrysCapital $225M$2.50B post-money
- Growth this round 24 Mar 2021, led by Technology Crossover Ventures, D1 Capital Partners and Falcon Edge $400M$5.00B post-money
- Growth 24 Nov 2021, led by Falcon Edge, DST Global and D1 Capital $840M$8.00B post-money
Investors
Who put money in
Technology Crossover Ventures, D1 Capital Partners and Falcon Edge led the round with 7 other firms.
Lead investors
- Technology Crossover Ventures backs 86 venture-backed companies new investor
- D1 Capital Partners new investor
- Falcon Edge new investor
Also in the round
- backs 11 venture-backed companies new investor
- backs 74 venture-backed companies new investor
- Tiger Global new investor
- backs 8 venture-backed companies new investor
- TPG backs 114 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- Footpath Ventures new investor
Comparable rounds
How it compares
386 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 7.4 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dapper Labs Tech Companies | 30 Mar 2021 | $305M | $2.60B | Coatue |
| Telegram Tech Companies | 24 Mar 2021 | $150M | not disclosed | not named |
| Cohesity Tech Companies | 30 Mar 2021 | $145M | $3.70B | Steadfast Capital Management |
| Tech Companies | 31 Mar 2021 | $125M | not disclosed | Brighton Park Capital |
| Tech Companies | 4 Mar 2021 | $110M | not disclosed | Summit Partners and Greg Mercer |
| Tech Companies | 16 Mar 2021 | $100M | not disclosed | TA Associates |
| Tech Companies | 24 Mar 2021 | $100M | $1.25B | Sequoia Capital and Index Ventures |
| Tech Companies | 1 Mar 2021 | $58M | $477M | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Dream Sports raise in its Growth round?
Dream Sports raised $400M in its Growth round, announced in Mar 2021.
Who led Dream Sports' Growth round?
Technology Crossover Ventures, D1 Capital Partners and Falcon Edge led it, with Multiples, Kalaari Capital, Tiger Global, ChrysCapital and TPG and 2 more.
What was Dream Sports' valuation at the Growth round?
$5.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
386 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 7.4 times the median.
Did Dream Sports raise again after this round?
Yes: a Growth round in Nov 2021 of $840M at $8.00B post-money.