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
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1,600+ Unicorns
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250 AI Investors
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250 Fintech Investors
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Get the Sheet for $50Dream11 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) |
| Headquarters | Bandra, Maharashtra, India |
| Year Founded | 2008 |
| Founders | — |
| Funding Amount | $1.2B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Alpha 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) |
| Headquarters | Paris, Ile-de-France, France |
| Year Founded | 2018 |
| Founders | Adrien Montfort, Nicolas Julia |
| Funding Amount | $739.2M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Headline, 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) |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2006 |
| Founders | Bhavin Pandya, Trivikraman Thampy |
| Funding Amount | $75M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Tiger 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 |
| Headquarters | Brooklyn, New York, United States |
| Year Founded | 2020 |
| Founders | Brandon Stakenborg, Jeremy Levine |
| Funding Amount | $115M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Spark Capital, SV Angel, Palm Tree Crew, MANTIS Venture Capital, BlackRock |
