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Underdog

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Recent Funding lists Underdog under Gaming. It raised $70M in a Series B+ round in March 2025, led by Spark Capital, according to sportico.com. Recent Funding has 3 sourced rounds on record for it, totaling $115M, the first in May 2021. Investors on record include Acies Investments, BlackRock, HBSE Ventures and Kevin Carter. It was founded by Jeremy Levine.

X: @Underdog · 347,743 followers.
LinkedIn: underdogfantasy.
Category: Gaming.
Stage: Series B+.
Total raised: $115M in 3 sourced rounds.
Last round: Mar 26, 2025 · 565 days ago.
X account age: 6 years.
Domain age: 28 years.
On Recent Funding since: Oct 10, 2026.
TIMELINE · MONEY RAISED

Underdog | 438 days from X account to first raise on record

@Underdog·Raised $115M in 3 sourced rounds·1 signal before the first raise
$29M$58M$86M$115MMARFEBJAN 2022DECNOVOCTSEPAUG$115M||X ACCOUNT CREATED @UNDERDOG · FEB 20, 2020$10M Series A · May 3, 2021$10M A · MAY '21$35M Series B+ · Jul 26, 2022$35M B+ · JUL '22$70M Series B+ · Mar 26, 2025$70M B+ · MAR '25

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

  1. Series B+ · $70M
    Source: sportico.com
  2. Series B+ · $35M
    Source: yogonet.com
  3. Series A · $10M
    Source: sportico.com
  4. X account created
  5. Website created

Founders and team

Investors

Underdog: questions and answers

How much has Underdog raised?
Underdog has raised $115M across 3 sourced rounds on record. The latest is $70M (Series B+), announced March 26, 2025.
Who invested in Underdog?
Investors on record for Underdog: Acies Investments, BlackRock, HBSE Ventures, Kevin Carter and Spark Capital. Spark Capital led its latest sourced round.
Who founded Underdog?
Underdog was founded by Jeremy Levine (Founder and CEO).

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Spark Capital portfolio →

Every amount links to the page it came from. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/underdog (get a free API key).

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