Company profile

Underdog Fantasy

Underdog Fantasy has raised a total of $115 million in funding over multiple rounds, reaching unicorn status with a $1.2 billion valuation in March 2025. Its latest Series C round of $70 million, closed on January 28, 2025, was led by Corner Ventures and BlackRock. Founded in 2020 and based in Brooklyn, United States, Underdog Fantasy operates a fantasy sports platform for football and basketball. With 588 employees, the company continues to scale rapidly in the sports tech industry.

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Quick facts

Total funding: $115 million
Valuation: $1.2 billion
Founded: 2020
Headquarters: Brooklyn, United States, Underdog Fantasy operates a fantasy sports platform for football and basketball
Employees: 588

Notable investors

Corner Ventures
BlackRock

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