Underdog Fantasy Acquisition, Valuation, Funding & Investors

DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.

PT MNC Digital Entertainment Tbk is a content provider in Indonesia, has its core business in producing, developing, and distributing content and intellectual properties across all existing media platforms. The company's main business is supported by its various business units engaged in media and entertainment activities, such as drama production houses, infotainment, reality shows, game shows, animation, films, original content, music labels, advertising agencies, content & IP licensing, talent management, social media, including multi-channel networks (MCN), OTT superapps, and online portals. The company's operating segments include Digital, Content and IP, Talent, and Subscription. The company generates maximum revenue from the Content and IP, Talent segment.

KingMakers is a Lagos-based digital sports entertainment platform that delivers fantasy sports and gaming experiences across Africa. Launched in Nigeria, it engages millions of users with daily fantasy contests featuring soccer, basketball, and tennis. The company integrates blockchain for secure transactions and partners with telecom operators like MTN for mobile access. KingMakers expanded to Ghana and Kenya, hosting tournaments with cash prizes and live leaderboards since its inception in 2020.

Mobile Premier League is a Bangalore-headquartered eSports platform for skill-based mobile gaming with real cash prizes. Users compete in arcade games like Bubble Shooter, sports simulations including cricket and football, and adventure puzzles. Founded in 2018, the app serves 10 crore players across India with daily tournaments regulated by gaming commissions in Nagaland and Tamil Nadu. It integrates Paytm and bank transfers for instant payouts.

Better Collective AS is a developer of educational platforms within the iGaming industry. The company's segment includes Publishing, Paid Media and Esports. It generates maximum revenue from the Publishing segment. The publishing business segment includes revenue from Collective's proprietary online platforms and media partnerships, where online traffic comes either directly or through organic search results.

Skybound Entertainment is a Culver City-based entertainment company publishing comic series including The Walking Dead, Invincible, Super Dinosaur, Thief of Thieves, and Witch Doctor through Image Comics partnership since 2010. It produces television adaptations, merchandise, video games, and live events.

iQiyi Sports is a Beijing-based streaming service under iQiyi providing live and on-demand sports content including football, basketball, and esports events. It covers Chinese Super League matches and international tournaments via its dedicated platform. Launched as part of iQiyi's diversification, it integrates with the parent company's video ecosystem.

Huya, officially became independent in 2016 and headquartered in Guangzhou, operates live streaming platform focused on games, esports, and interactive entertainment, and also provides game-related services such as distribution and in-game item sales. Its main livestreaming platforms include Huya Live in China and Nimo TV outside of China. As of 2024, Huya was a subsidiary of Tencent, which owned 67% of its equity stake and held 95% of the voting power.

100 Thieves is a Los Angeles-based esports organization and apparel brand founded in 2017, competing in League of Legends, Valorant, and Call of Duty with professional teams that have won multiple championships. The company operates a 10,000-square-foot headquarters in Culver City, sells streetwear through its online store, and partners with brands like Chipotle and Razer, reaching 5 million social media followers.

Barça Studios is the digital media division of FC Barcelona. The unit produces audiovisual content, including documentaries, series, and virtual experiences distributed via streaming platforms and social media. Headquartered in Barcelona, it manages NFT collections featuring club icons and metaverse environments for fan interactions. Since its 2021 inception, Barça Studios has partnered with HBO Max for original programming and generated over 100 million euros in content sales rights.

Dream Sports is a Mumbai-headquartered sports technology company operating brands like Dream11 for fantasy sports, FanCode for live streaming, DreamX for technology services, DreamSetGo for experiences, and DreamPay for payments. Founded in 2008, the firm expands fan engagement through content, commerce, events, and merchandising in cricket, football, and other sports across India.

Fenway Sports Group is a Boston-headquartered global sports and entertainment platform owning the Boston Red Sox MLB team, Liverpool FC in the Premier League, and Pittsburgh Penguins in the NHL. The group manages NASCAR's RFK Racing and operates Fenway Park events. Founded in 2001 by John W. Henry, FSG oversees media rights, sponsorships, and real estate developments across North America and Europe.