logo
logo

Underdog Raises Series B Funding With $485M Valuation

Jul 26, 2022•about 3 years ago

Round Type

series b

BrooklynSports

Description

Underdog, the fastest growing paid fantasy sports company ever, today announced a Series B round of fundraising. The round, which includes funds and accounts managed by BlackRock (BlackRock) as well as Acies Investment, totals $35M and values the company at $485M. Over the next year, Underdog plans to build innovative licensed sports betting products, hire over one hundred new employees, and continue to lead the industry in daily fantasy innovation.

Company Information

Company

Underdog

Location

Brooklyn, New York, United States

About

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.

Related People