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.
Round Type
Funding Round
New YorkSportsInvestors
Description
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.
Quick answer
Underdog raised an undisclosed amount in a Funding Round round, dated March 27, 2025. Investors: Spark Capital. Underdog is based in New York, New York, United States.
- How much did Underdog raise?
- Underdog raised an undisclosed amount in a Funding Round round on March 27, 2025.
- Who invested in Underdog?
- Spark Capital is named as investors in this round.
- What does Underdog do?
- Underdog is the fastest-growing private sports company in the U.S., founded in 2020.
- Where is Underdog based and how big is it?
- Underdog is based in New York, New York, United States. Fundz records about 700 employees.
- Who are the decision-makers at Underdog?
- Fundz holds 2 contacts at Underdog, including the Staff Talent Acquisition Partner. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sports around the same time
Companies in the same sectors as Underdog that raised within 45 days of this round, from Fundz verified event records.
- Kero Sports raised $3M (Series A) on May 6, 2025.
- Midnite raised $10M (Series B) on April 14, 2025.
- SportsSkill raised an undisclosed amount (Pre-Seed) on April 14, 2025.
- Motorsport Games raised $2.5M (Seed) on April 11, 2025.
- FloSports raised $24M (Series D) on April 1, 2025.
- Aston Martin raised $162M (Funding Round) on March 31, 2025.
Who to call at Underdog, and when
A new round usually means Underdog is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Underdog raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Underdog, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Underdog. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Underdog raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Underdog raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.