Drone Racing League Acquired By Infinite Reality For $250M

Republished By Plato

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Drone Racing League, the drone racing e-sports league for elite pilots, has been acquired by Infinite Reality, a technology and entertainment platform focused on immersive experiences for $250M. “We created the Drone Racing League to bring the sport from the future to millions of fans who weren’t as excited about traditional sports from the past. The DRL team advanced the technology, media capture, and race competition to deliver a sport of constant innovation, cultural relevance, and thrilling action. Today, we are incredibly excited to join Infinite Reality, a company that has the vision and resources to take drone racing and our core technology to infinite heights,” said Nicholas Horbaczewski, CEO & Founder of the Drone Racing League.

We created the Drone Racing League to bring the sport from the future to millions of fans who weren’t as excited about traditional sports from the past. The DRL team advanced the technology, media capture and race competition to deliver a sport of constant innovation, cultural relevance and thrilling action. Today, we are incredibly excited to join Infinite Reality, a company that has the vision and resources to take drone racing and our core technology to infinite heights. – Nicholas Horbaczewski

Founded in 2015 by Horbaczewski, Drone Raising League has raised $49.4M in total reported equity funding. Backers include Lerer Hippeau, Lux Capital, Hearst Ventures, Courtside Ventures, Exor Ventures, Max Ventures, Touchdown Ventures, Third Wave Digital, Allianz X, RSE Ventures, Sky UK, Liberty Media, Allianz, Chaifetz Group, Matt Bellamy, World Wrestling Entertainment, Rikard Steiber, Ann Berry, and Olivier Delfosse.

Infinite Reality is in the middle of going public through the SPAC process with an entity called Newbury Street Acquisition. The deal was first announced in December of 2022. This transaction bolsters Infinite Reality’s valuation to $3.5B.

“When we acquire companies at Infinite Reality we like to get to know the founders to make sure they fit our culture and share our passion, mindset, and vision of the future, and there are no better examples of this than Nicholas and Rachel whose leadership and impressive experience bring tremendous value to iR,” said Amish Shah, Cofounder & Chief Business Officer of Infinite Reality.

When we acquire companies at Infinite Reality we like to get to know the founders to make sure they fit our culture and share our passion, mindset and vision of the future, and there are no better examples of this than Nicholas and Rachel whose leadership and impressive experience bring tremendous value to iR. – Amish Shah