About Underdog Fantasy
Underdog Fantasy is a company based in Brooklyn (United States) founded in 2020 by Brandon Stakenborg and Jeremy Levine.. Underdog Fantasy has raised $115 million across 3 funding rounds from investors including BlackRock, Acies Investments and Spark Capital. Underdog Fantasy operates in a competitive market with competitors including DraftKings, FanDuel, Dream Sports, MPL and PrizePicks, among others.
- Headquarter Brooklyn, United States
- Founders Brandon Stakenborg, Jeremy Levine
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Greenhouse Software, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115 M (USD)
in 3 rounds
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Latest Funding Round
$70 M (USD), Series C
Jan 28, 2025
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Investors
BlackRock
& 7 more
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Employee Count
Employee Count
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Software Development Team
52 people
Product Management Team
18 people
Leadership Team
12 people
Senior Team
10 people
Human Resources and Administration
9 people
Finance and Accounting
6 people
Operations Team
5 people
Staff Team
5 people
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Funding Insights of Underdog Fantasy
Underdog Fantasy has successfully raised a total of $115M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $70.0M
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First Round
First Round
(03 May 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series C - Underdog Fantasy | Valuation | Spark Capital |
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| Jul, 2022 | Amount | Series B - Underdog Fantasy | Valuation | BlackRock , Acies Investments |
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| May, 2021 | Amount | Series A - Underdog Fantasy | Valuation | Kevin Carter |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Underdog Fantasy
Underdog Fantasy has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BlackRock, Acies Investments and Spark Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is provided to sports industry ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Underdog Fantasy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Underdog Fantasy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Underdog Fantasy Comparisons
Competitors of Underdog Fantasy
Underdog Fantasy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DraftKings, FanDuel, Dream Sports, MPL and PrizePicks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online fantasy sports platforms are provided for multiple sports.
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| domain | founded_year | HQ Location |
Developer of a fantasy platform for multiple sports
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| domain | founded_year | HQ Location |
Operator of a multifaceted platform for sports content and experiences
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| domain | founded_year | HQ Location |
Real money skill-based gaming is facilitated through an online platform.
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| domain | founded_year | HQ Location |
An online platform for fantasy sports predictions is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Underdog Fantasy
Frequently Asked Questions about Underdog Fantasy
When was Underdog Fantasy founded?
Underdog Fantasy was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Underdog Fantasy located?
Underdog Fantasy is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Underdog Fantasy?
Jeremy Levine is the current CEO of Underdog Fantasy. They have also founded this company.
Is Underdog Fantasy a funded company?
Underdog Fantasy is a funded company, having raised a total of $115M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on May 03, 2021.
What does Underdog Fantasy do?
Developer of an online fantasy sports platform. The platform allows users to draft a team and win real prizes. It offers a fantasy sports platform for football and basketball. Its app is available on the Android and IOS platforms.
Who are the top competitors of Underdog Fantasy?
Underdog Fantasy's top competitors include FanDuel, DraftKings and Dream Sports.
Who are Underdog Fantasy's investors?
Underdog Fantasy has 8 investors. Key investors include BlackRock, Acies Investments, Spark Capital, Mark Cuban, and Kevin Durant.
What is Underdog Fantasy's valuation?
The valuation of Underdog Fantasy is $485M as of Jul 2022.