Following recent government grants, the smart fabric technology company raised another $5 million in a seed round that was led by Drive by DraftKings, bringing total funding to-date to over $6 million. Other participants include the NBA, Madison Square Garden Sports Corp., Alumni Ventures, SmartSports, Phoenix Capital Ventures, Newlab, and Olympic ice hockey medalist Hilary Knight. The new funding will be used to accelerate Nextiles’ patented fabric-based ... Log in to view full article.