Underdog Fantasy

Entertainment Software · New York, NY · Founded 2020 · Privately Held (backing)

Developer of sports games designed for drafting football lineups. Underdog Fantasy is based in New York, NY and was founded in 2020. It was valued at $1.2 billion at its later-stage round in Mar 2025, the last priced event on record. It has raised $115 million across 1 recorded round; the latest was a $70 million Series C in Mar 2025.

PMV mark · valuation
$1.2B
Oct 2026
Priced at
its later-stage round
Mar 2025
Total raised
$115.0M
Last round
Later Stage VC (Series C)
Mar 2025
What is Underdog Fantasy worth?
$1.2BPrivateMarketView mark · Oct 2026

Valued at $1.2B at its later-stage round, Mar 2025. Nothing has traded since.

Free account
More of Underdog Fantasy with a free account
  • ·The complete investor list: 50 names
  • ·Watch Underdog Fantasy: the Monday email on marks, rounds and moves
Create free account
No card required

Membership and data by Private Market View

Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
▮▮
Markrounds hold their value until the next priced eventMark, today
log scale
Post-money values unlock with a free account.Unlock the axis

Membership and data by Private Market View

Underdog Fantasy funding history

1 rounds
DateRoundRaisedPost-money
Mar 2025Later Stage VC (Series C)$70.0M▮
Unlock post-money valuations

Membership and data by Private Market View

Underdog Fantasy valuation

Underdog Fantasy was valued at $1.2 billion at its later-stage round in Mar 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Underdog Fantasy raised?

Underdog Fantasy has raised $115 million in total; 1 of its rounds is on record. The largest on record was a $70 million Series C in Mar 2025.

Comparable companies

Comparable entertainment software names by valuation on PrivateMarketView: Loom Games ($1 billion), Mythical Games ($425 million) and Cypher Games ($120 million).

How Underdog Fantasy's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Underdog Fantasy, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Underdog Fantasy

What is Underdog Fantasy worth?
Underdog Fantasy is valued at $1.2B as of Oct 2026. Valued at $1.2B at its later-stage round, Mar 2025. Nothing has traded since.
How much has Underdog Fantasy raised?
Underdog Fantasy has raised $115.0M in total funding across 1 recorded rounds.
When did Underdog Fantasy last raise?
Underdog Fantasy last raised in Mar 2025 (Later Stage VC (Series C)), raising $70.0M.