Story perspectives
Underdog Secures $70M Funding, Aims for Sports Betting Growth
3/28/2025
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Story summary
- Underdog secured $70 million in Series C funding, reaching a valuation of $1.2 billion, the largest in sports gaming from a Silicon Valley firm.
- This funding comes after Underdog's legal sports betting launch in North Carolina and a $17.5 million fine in New York.
- CEO Jeremy Levine aims to leverage this investment for product enhancement and talent acquisition, focusing on growth and innovation.
