Underdog
Underdog Fantasy is an online fantasy sports company based in Brooklyn, New York, founded in 2020 by Brandon Stakenborg and Jeremy Levine. The company has quickly established itself in the fantasy sports and sports gaming industry, with a valuation between $485 million and $500 million and annual revenues exceeding $70 million. The platform offers various fantasy sports game formats, including Best Ball, Pick'em, and Daily Drafts. Best Ball allows users to draft teams without making roster changes during the season, while Pick'em involves predicting player statistics. Daily Drafts provide quick contests with cash prizes. Underdog Fantasy operates legally in 31 U.S. states and across Canadian provinces, catering to a diverse audience of sports fans who enjoy engaging and potentially lucrative fantasy sports experiences. The company emphasizes a collaborative culture and transparency, aiming to innovate within the fantasy sports industry.
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Headcount trend
Underdog went from 189 employees in Jul 2023 to 460 in Jun 2025. Jan to Jun 2025: 76 people joined, 11 left.
Headcount data through Jun 2025
Org structure
Headcount by department
Salaries at Underdog
All salaries10 salary profiles in the US
Most reported roles
Funding
- Mar 2025 · Series C · $100M · Spark Capital
- Jul 2022 · Series B · $35M · BlackRock, Acies Investment
- May 2021 · Series A · $10M · Thirty Five Ventures, Mantis VC, The Palm Tree Crew
Peer reviews
Worked with someone at Underdog?
Anonymous peer reviews on OffTheRecord
Similar companies
Underdog FAQ
How many employees does Underdog have?
Underdog has about 460 employees, up 6.2% over the 3 months to Jun 2025.
What is Underdog's revenue per employee?
Underdog makes about $160K in revenue per employee, based on $73.4M annual revenue and 460 employees.
How much does Underdog pay?
6figr has 10 salary profiles for Underdog in the US, with pay broken down by role, level, gender and ethnicity on the Underdog salaries page. See Underdog salaries
How much funding has Underdog raised?
Underdog has raised $145M in total funding; its latest round was Series C in Mar 2025.
Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.
