Dream Sports, which owns the online fantasy sports company Dream11, is in talks with several investors for a fresh $300 million funding round. Separately, Impact Analytics has raised $11 million led by Argentum Capital Partners.
Dream11 eyes $300m fresh funding
Dream Sports, which owns the online fantasy sports company Dream11, is in talks with several investors, including Abu Dhabi’s Alpha Wave Incubation managed by Falcon Edge, to raise $300 million in a fresh funding round, The Economic Times reported on Tuesday.
Existing investors including China’s Tencent Holdings, Kalaari Capital, and Multiples Alternate Asset Management are looking to exit the company via a secondary sale of shares. The funding is expected to value the company at $4 billion, the report said.
Last September, Dream Sports had raised $225 million in a financing round led by New York investment firm Tiger Global Management, TPG Tech Adjacencies (TTAD), homegrown private equity firm ChrysCapital, and Footpath Ventures.
Impact Analytics raises $11m
As part of the funding, Walter Barandiarán, Argentum’s managing partner, will join Impact’s board of directors.
The business intelligence and data science company caters to retail, financial services, education, pharma, and other sectors. It had last raised $750,000 led by venture capital firm Aarin Capital in October 2016. Headquartered in Maryland, Impact Analytics has offices in Los Angeles, New York, and Bangalore.