Fantasy sports company Underdog Fantasy has confirmed a Series B round of fundraising, with funds and accounts managed by BlackRock and Acies Investment
Fantasy sports society Underdog Fantasy has confirmed a Series type B flesh out of fundraising, with finances and accounts managed past BlackRock and Acies Investment.
The troll amounts to $35m, with the keep company valued at a tote up of $485m. Moving forward, the company intends to build licensed sports betting products and engage o'er 100 unexampled staff.
Underdog has made substantial customer acquisitions o'er the past tense 2 years and lately launched a $10m NFL Best Lucille Ball tournament.
Underdog President and Chairman Jeremy Levine said: "Since the take up of Underdog, we've believed edifice caliber products and putting customers 1st is a winning recipe.
“We're excited to keep to innovate and build new experiences from the ground upward inward fantasy, sports betting and side by side(p) spaces. This funding round of drinks gives us the firepower to go along to build and build we will.
"We're thrilled that pecuniary resource and accounts managed by BlackRock are participating inwards our Series group B as we uphold towards our vision.”
BlackRock and Acies hold united existing investors including Saint Mark Cuban, Kevin William James Durant and ex-CEO of Paddy Power Betfair Breon Corcoran.
Acies Co-Founding Partner Chris Grove said: "Underdog's product is leading to competitive advantages as Underdog's client acquisition and holding success is best inward class.
"Underdog's success is goaded by the company's focus on edifice new, innovative games and delivering awe-inspiring customer experiences. As the company moves into licensed sports betting, i trust the unique direction on mathematical product and experience will remold the industry."
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