The fantasy sports industry has grown into a significant market with several major players. India's Dream11 leads the pack with an $8 billion valuation, showing the global reach of these platforms.

The sector also includes companies like France's Sorare, which blends fantasy football with blockchain technology and is valued at $4.3 billion. Newer entrants like Underdog Fantasy, founded in 2020, have also quickly reached a $1 billion valuation.

Below is the full list of 4 Fantasy Sports unicorn startups at this time.

Top 4 Most Valuable Fantasy Sports Unicorns

Dream11 built a fantasy sports platform that has become the largest in the world, with over 200 million users. Sports fans use their app to create virtual teams for games like cricket and football, competing based on the real-world performance of the players they select.

Valuation$8B (Joined April 2019)
HeadquartersBandra, Maharashtra, India
Year Founded2008
Founders—
Funding Amount$1.2B
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsAlpha Wave Global, TPG, RedBird Capital Partners, Tiger Global Management, ChrysCapital

Sorare operates a global fantasy sports game that lets players buy, sell, and compete with officially licensed digital cards. Their platform uses blockchain technology to create unique digital collectibles, giving players true ownership of their in-game assets.

Valuation$4.3B (Joined September 2021)
HeadquartersParis, Ile-de-France, France
Year Founded2018
FoundersAdrien Montfort, Nicolas Julia
Funding Amount$739.2M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsHeadline, Benchmark, Bessemer Venture Partners, Accel, IVP

Games24x7 builds multi-game platforms centered on skill-based gaming and fantasy sports. Their flagship products, RummyCircle and My11Circle, are among India's most popular destinations for real-money online gaming.

Valuation$3B (Joined March 2022)
HeadquartersMumbai, Maharashtra, India
Year Founded2006
FoundersBhavin Pandya, Trivikraman Thampy
Funding Amount$75M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsTiger Global Management, Malabar Investment Advisors, The Raine Group, Das & Co.

Underdog Fantasy built a daily fantasy sports platform known for its simple, player-focused Pick'em games. They also provide projections for various esports competitions, giving users more ways to play.

Valuation$1B
HeadquartersBrooklyn, New York, United States
Year Founded2020
FoundersBrandon Stakenborg, Jeremy Levine
Funding Amount$115M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsSpark Capital, SV Angel, Palm Tree Crew, MANTIS Venture Capital, BlackRock