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Series C Funding Round Pushes Underdog Valuation Over $1 Billion

Summary by Sports Betting Dime
Spark Capital is leading Underdog Fantasy’s Series C Funding Round The first round is expected to exceed $100 million This now pushed Underdog’s valuated at over $1 billion A new investment in Underdog Fantasy has increased the sports gaming company’s valuation to over $1 billion. Spark Capital led Underdog’s Series C funding round, with a $70 million first close on a round expected to exceed $100 million. The funding round has raised Underdog’s…
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Sports Betting DimeSports Betting Dime

Series C Funding Round Pushes Underdog Valuation Over $1 Billion

Spark Capital is leading Underdog Fantasy’s Series C Funding Round The first round is expected to exceed $100 million This now pushed Underdog’s valuated at over $1 billion A new investment in Underdog Fantasy has increased the sports gaming company’s valuation to over $1 billion. Spark Capital led Underdog’s Series C funding round, with a $70 million first close on a round expected to exceed $100 million. The funding round has raised Underdog’s…

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FinSMEsFinSMEs

Underdog Raises $70M in Series C Funding at $1.225 Billion Pre-Money

Underdog, a Brooklyn, NY-based sports gaming company, raised $70m in ongoing Series C funding round, which is expected to exceed $100m. The round was led by Spark Capital.  The raise valued Underdog at $1.225 billion pre-money. The funding will primarily allow the company to further invest in creating new products for sports fans in the U.S. and […] The post Underdog Raises $70M in Series C Funding at $1.225 Billion Pre-Money appeared first on F…

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egr.globalegr.global

Underdog achieves $1.2bn valuation following Series C funding round

Underdog has been valued at more than $1.2bn following a Series C funding round led by Spark Capital, which is set to close its first tranche at $70m. The round, which is expected to eventually exceed $100m, will value the DFS and online sports betting firm at $1.23bn, making Underdog a unicorn in the process. Unicorns are privately owned companies that are valued at more than $1bn. Following Underdog’s Series B funding round in July 2022, the b…

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egr.global broke the news in on Wednesday, March 26, 2025.
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