eSports & Gaming , Startups & VCs

Sky, Liberty Media, WWE invest US$20 million into Drone Racing League

Series B investment round closes with major boost to startup league's finances.

by Adam Nelson

Sky, Liberty Media, WWE invest US$20 million into Drone Racing League

The Drone Racing League (DRL) has announced that its Series B round of financing closed having raised more than US$20 million, with investors including UK broadcaster Sky, Formula One owner Liberty Media, and wrestling promotion WWE.

The New York-based startup also secured a major title sponsorship for the league with insurance firm Allianz during the round.

Other contributions to the US$20 million figure included Hearst Ventures, RSE Ventures, Lerer Hippeau Ventures and Courtside Ventures.

An existing partnership is also in place with Amazon Prime Video, which created unique digital content around the series' first ever UK-based race in London's Alexandra Palace on 13th June.

The 2017 season of the DRL, the world's only professional remote-controlled lightweight aircraft racing series, gets underway on 20th June and will be broadcast in over 75 countries around the world.

“We’re incredibly proud to announce new partners and investors aligning with DRL to solidify drone racing as the sport of the future,” said Nicholas Horbaczewski, chief executive and founder of DRL.