Millions tuned in to ESPN to watch Jordan “Jet” Temkin take home the Drone Racing League’s first ever championship. Millions more tuned in over a season featuring epic LED tracks in stadiums and abandoned shopping malls, and that apparently was a good enough showing for investors.
WWE and Allianz Lead $20 Million Investment in Drone Racing League
Key Takeaways:
- The Drone Racing League (DRL) successfully secured $20 million in a second round of investment, building on the viewership of its first season.
- The funding round saw continued investment from existing partners like Sky and Liberty Media Corp., and attracted new strategic investors including Allianz (its global Title Sponsor) and World Wrestling Entertainment (WWE).
- This significant investment, following a successful first season and anticipation of an improved second season with upgraded technology and racing, aims to solidify drone racing as the "sport of the future" and a major spectator event.
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