Underdog, a Brooklyn, NY-based paid fantasy sports company, raised $35M in Series B funding.
The round, which includes funds and accounts managed by BlackRock (BlackRock) as well as Acies Investment, values the company at $485M. They joined existing investors Mark Cuban, Kevin Durant, Trae Young, Odell Beckham Jr., Breon Corcoran (ex-CEO Paddy Power Betfair/Flutter), Mitch Garber, Eilers & Krejcik, Liontree Partners, Kevin Carter, Mark Pincus (founder of Zynga), SV Angel, The Chainsmokers, Kygo, Steve Aoki, Nas, Future and more.
The company intends to use the funds to build innovative licensed sports betting products, and hire over one hundred new employees over the next year.
Led by Jeremy Levine, President and Chairman, Underdog is a fantasy sports company bringing contests and games to the masses. They recently launched a $10M season-long NFL Best Ball tournament.
FinSMEs
26/07/2022