Group Created with Sketch.
Volume 25 No. 62
  • Created with Sketch.
  • Created with Sketch.
  • Created with Sketch.

Drone Racing League Completes Funding Round, Adds New Partners

The Drone Racing League (DRL) today announced several multiyear partnerships and new sponsors ahead of its '17 season, in addition to closing on a Series B investment round. The total financing of more than $20M was led by Sky, Liberty Media and Lux Capital. New investors include Allianz and WWE, while existing partners taking part in the round include Hearst Ventures, RSE Ventures, Lere Hippeau ventures and Courtside Ventures.

DRL also announced a collaboration with the Amazon Prime series "The Grand Tour" as part of the league's '17 Allianz World Championship Race in London. Activation will include a Grand Tour Finish Gate at the race, a branded Grand Tour commentator booth for guest play-by-play announcers and a new digital content (THE DAILY).