Drone Racing League Raises $20 Million From Sky, Liberty Media, WWE

In addition to Liberty Media — which now owns Formula 1 — Sky, WWE and Allianz, other existing investors that participated in the latest round of funding in DRL include Hearst Ventures, RSE Ventures, Lerer Hippeau Ventures, and Courtside Ventures. DRL has also added as an investor CRCM Ventures, supporting its expansion into China. LionTree acted as financial adviser for the company and Morrison Foerster was the company’s legal adviser.

Great news for FPV drone racing fans!

The Allianz 2017 World Championship Race is taking place today during London Tech Week in partnership with Amazon Prime Video’s The Grand Tour.