DraftKings, the leading provider of 1-day fantasy sports experienced significant growth since their founding in 2012. Raising almost $800 million dollars in venture capital so far; the company has grown their in-house legal team to 10 people.
LinkSquares is an indispensable tool for my legal team. This would have been a life-saver for my team and I during the first rounds of fundraising.Tim Parilla
DraftKings needed a solution that would help keep the legal team and other company departments, like finance and marketing, working efficiently together, and the implementation needed to happen quickly and without disrupting workflow. Existing tools such as shared drives and spreadsheets were failing as DraftKings’ growth scaled past 350 employees. They needed a secure, centralized solution that could be accessed by multiple teams and easily reviewed. Tim Parilla, DraftKings, General Counsel, looked at several products on the market but found most involved long implementation cycles and complicated their existing process, something their fast-growing company couldn’t afford.
LinkSquares AI-powered contract management cloud was intuitive and easy to get up and running. Tim and his team were able to quickly organize, search, and pull reports of all their completed contracts, giving Draftkings and their investors a clear picture of the company’s status and positioning for massive growth.
In keeping focus on the ability to quickly and easily scale, DraftKings recognizes the invaluable asset LinkSquares provides and knows their contract management solution will adapt and grow as they do, helping them reduce risk and save money for years to come.