Underdog Fantasy Sports has raised $70 million in its latest funding round, leading to a valuation of $1.23 billion. The funding round was led by Spark Capital and is expected to accommodate more financing.
Underdog Fantasy Sports has raised $70 million in its latest funding round, leading to a valuation of $1.23 billion. The funding round was led by Spark Capital and is expected to accommodate more financing.
03/27/25, 1:01 AM
Location
brooklynMoney raised
$70 million
Industry
sports
Investors
Spark Capital
Underdog Fantasy Sports is now valued at $1.23 billion following a $70 million funding round led by venture investor Spark Capital. The funding round is still open, which could result in a higher valuation than $1.23 billion. The company has raised a total of $140 million since its founding in 2020. Underdog has gained significant attention for its innovative offerings and plans to expand into traditional sports wagering.
Company Info
Location
brooklyn, new york, united states
Additional Info
Legal name of Underdog Fantasy is Underdog Sports, Inc. Underdog, the fastest-growing sports gaming company in the U.S., was founded in 2020 with a simple objective to make sports more fun. The company’s core operating principle: There’s so much more to be built for sports fans in America. As the only top-tier sports gaming operator in the country built on its own proprietary technology, Underdog has a unique ability to create new, engaging products for the U.S. consumer. Underdog’s products provide the best way to enjoy fun, approachable sports games. The company offers fantasy sports games, licensed sports betting, and a growing media network featuring former professional athletes, coaches, analysts, and the fastest breaking news. Underdog is built for and by sports fans to make sports more fun.