Underdog Fantasy
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Underdog Fantasy - overview
Established
2020
Location
Brooklyn, NY, US
Primary Industry
Travel & Leisure
About
Based in New York, US, and founded in 2020, Underdog Sports Holdings, Inc. , doing business as Underdog Fantasy, is a developer of mobile fantasy sports games. The company was founded by its CEO, Brandon Stakenborg, president, Jeremy Levine, and CTO, Trevor John. In July 2026, IG Group agreed to acquire Underdog Fantasy from Spark Capital, BlackRock, LionTree, The Chainsmokers, Acies Investments, Corner Ventures, Fantasy Labs Inc.
, HBSE Ventures, Thirty5 Ventures, Action Network, Inc. , Palm Tree Crew Investments, RotoGrinders, Football Guys, FTN Network L. L. C, Eilers & Krejcik Gaming, LLC,PROOF.
VC, and SV Angel for up to USD 1. 1 billion. Underdog Fantasy Sports offers a daily fantasy sports (DFS) platform that allows users to play a variety of games, including best ball, and pick'em. The company’s product line includes Underdog Fantasy Sports, a mobile application that can be downloaded from both the Android and iOS stores, where users can play with friends in various tournaments and earn prizes.
Underdog Fantasy generates revenue through paid fantasy sports contests, pick'em games, entry fees, sports betting operations, and related media/content monetization channels. The company plans to utilize the January 2025 funding to further invest in its product development and enhance its customer experience.
Current Investors
SV Angel, Fantasy Labs Inc., HBSE Ventures
Primary Industry
Travel & Leisure
Sub Industries
Professional Sports/eSports, Casinos & Gambling, Gaming
Website
www.underdogsports.com
Verticals
Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Underdog Fantasy - employee data
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