Underdog Fantasy
PrivateLast Round
Series C
Mar 26, 2025
Est. Valuation
$1.3B
Total Funding Raised
$45M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Underdog Fantasy operates in Media, Entertainment & Gaming and is based in Brooklyn, New York. Its latest recorded funding round was a Series B round in July 2022.
Underdog Fantasy is a sports gaming company that develops and operates a fantasy sports and sports betting platform offering best ball, pick'em, and traditional sportsbook products.
Sector
Media, Entertainment & Gaming
Verticals
Gaming, Wagering Platforms, Sports Analytics
Business Model
B2C
Customer Profile
Payment Processing Fee, Marketplace Commission
AI Layer
Application
Price History
Caplight MarketPrice™ estimate for Underdog Fantasy, published with a 90-day delay.
Caplight MarketPrice™
$8.63
per share, as of July 2026
-6.8%
10-month change
The most recent months of MarketPrice™ are available to Caplight clients.
Caplight MarketPrice™ is an estimate of private secondary market pricing, shown here on a delayed basis for illustrative purposes only. It may be incomplete, is subject to change, and may not be relied upon for any purpose or considered investment advice.
Underdog Fantasy Comparables
Compare Underdog Fantasy with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Allwyn International AG | 86% | |
| Sleeper | 82% | |
| OwnersBox | 82% |
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Underdog Fantasy Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Mar 26, 2025 | ||||
| Series B | Jul 26, 2022 | ||||
| Series A | May 3, 2021 |
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Key People
Founding team and executive leadership
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Underdog Fantasy Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| SV Angel | Series C, Series A, Series B |
| Mantis Venture Capital | Series A, Series B |
| LionTree | Series B |
| Thirty Five Ventures | Series A |
| Acies Investments | Series B |
| Spark Capital | Series C |
| LionTree Partners | Series C, Series B |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 12, 2026
Launched drive-by-drive prediction markets for NFL games.
- Sep 30, 2026
Q3 net revenue reached approximately $105 million, more than doubling year-over-year.
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Recent news
Latest coverage and updates
- has_issues_withOct 17, 2026
In Oct '26, Underdog faces potential fines, civil penalties, criminal investigations, and revocation of its fantasy sports operator license in Tennessee if it does not comply, and it responds by filing a lawsuit.
- launchesOct 9, 2026
Underdog expects to launch Supercharge as a new market type.
- has_revenue_increased_byOct 9, 2026
Underdog reports third-quarter revenue of $105 million, up 118% year over year.
- has_revenueOct 9, 2026
Underdog reports net revenue of $9M in 2021 and $441 million in 2025.
- has_revenueOct 2, 2026
The United States fantasy sports and prediction markets business Underdog more than doubles net revenue to about $105M during the quarter.
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Underdog Fantasy Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Underdog Fantasy's valuation, stock price, and market status.
Is Underdog Fantasy a public or private company?
Underdog Fantasy is a private company.
What is the current stock price of Underdog Fantasy?
Underdog Fantasy is a private company, so its shares have no public market price. Caplight tracks Underdog Fantasy's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Underdog Fantasy worth (valuation)?
Underdog Fantasy's valuation is estimated at $1.3B based on funding round data.
Can I buy Underdog Fantasy stock?
Underdog Fantasy shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Underdog Fantasy's last funding round?
Underdog Fantasy's most recent funding round was Series C on March 26, 2025.
Who are the main investors in Underdog Fantasy?
Key investors in Underdog Fantasy include Spark Capital, BlackRock, Night Capital.
Will Underdog Fantasy IPO soon?
No public IPO plans have been announced for Underdog Fantasy.
How can I track Underdog Fantasy secondary market activity?
Caplight tracks bids, offers, and trades in Underdog Fantasy's shares on secondary markets.