Underdog Fantasy Raises $10 Million From Kevin Durant, Mark Cuban, Jared Goff and Others
Fantasy sports activities app Underdog Fantasy has raised $10 million from a gaggle of buyers that features Dallas Mavericks proprietor Mark Cuban, Brooklyn Nets star Kevin Durant, Detroit Lions quarterback Jared Goff, and ESPN’s Adam Schefter.
The spherical was led by angel investor Kevin Carter, who’s an advisor at SV Angel, and included investments from music stars similar to Future, Gunna, Nas, Kygo, The Chainsmokers, and Steve Aoki. Schefter and The Chainsmokers are amongst a number of particular friends slated to look throughout Underdog Fantasy’s livestream on YouTube being hosted in the present day from midday till midnight; fantasy soccer evaluation can be shared all through the stream.
Underdog Fantasy was based by Jeremy Levine, who beforehand co-founded each day fantasy sports activities startup DRAFT that offered to Paddy Energy Betfair for $48 million in 2017. Underdog additionally introduced that its season-long NFL Finest Ball fantasy event is now open for entry and can award $3.5 million in prizes.
Further buyers within the spherical included Dapper Labs CEO Roham Gharegozlou, Cleveland Cavaliers guard Matthew Dellavedova, and Harris Blitzer Sports activities & Leisure, which owns the New Jersey Devils and Philadelphia 76ers. Underdog has additionally acquired funding from notable figures within the sports activities gaming house similar to gaming analysis agency Eilers & Krejcik, Bleacher Report’s Adam Lefkoe, the Motion Community, FantasyLabs, RotoGrinders, and SimpleBet.