Underdog Announces $35M Series B Round
BROOKLYN, N.Y., 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 $35 million and values the company at $485 million. 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.
BlackRock and Acies Investment join 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 many more.
Underdog Fantasy is one of the fastest-growing sports companies on the market. Founded by a team of industry veterans, Underdog is bringing fun, approachable contests and games to the masses.
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