Drone Racing League Announces International Partnerships for 2017 Race Season
The Drone Racing League (DRL), the global leader in professional drone racing, today announced key multi-year, international partners and sponsors ahead of its 2017 race season. In February, DRL introduced Allianz as the title sponsor of DRL’s elite race circuit, leveraging the insurance brand’s motor racing sponsorship heritage to bring the “Sport of the Future” to a rapidly growing worldwide audience. Allianz and previously announced Toy State, home of high-performance Nikko Air racing drones, are joined by some of the world’s most well-known and respected brands including Amazon (Prime Video), Swatch, FORTO Coffee Shots and the U.S. Air Force. The season begins on June 20 on ESPN, and will be broadcast in more than 75 countries with broadcast partners including Sky Sports, ProSiebenSat.1, Disney XD and OSN.
DRL also announced today the close of a Series B investment round. The total financing was more than $20 million, led by Sky, Liberty Media Corporation (owner of Formula 1) and Lux Capital. In addition to Liberty Media Corporation, DRL added new investors Allianz (its global Title Sponsor of the race circuit) and World Wrestling Entertainment (WWE). Other existing partners that join Sky and Lux in the round include Hearst Ventures, RSE Ventures, Lerer Hippeau Ventures, and Courtside Ventures. DRL has also added CRCM Ventures, supporting DRL’s expansion into China. LionTree Advisors acted as a financial advisor for the company and Morrison Foerster was the company’s legal advisor.