• Loading stock data...
Thursday, April 3, 2025
Nominations Are Open for Front Office Sports Honors! Submit Now

Nas Adds Fantasy Sports to His Portfolio

  • Nas joined Kevin Durant’s Thirty Five Ventures, Mark Cuban, and others in Underdog’s funding round.
  • Underdog is looking to make a splash in fantasy sports.
Nasir Jones/Design: Alex Brooks

When fantasy sports company Underdog Fantasy raised $10 million last week, the list of high-profile investors included one rapper who has a knack for finding early-stage companies with a huge future.  

Nas joined Kevin Durant’s Thirty Five Ventures, Mark Cuban, and Detroit Lions quarterback Jared Goff in Underdog’s funding round. He’s bought in early on a roster of tech companies that would inspire admiration from almost any venture capitalist.

Through QueensBridge Venture Partners, founded in 2014, Nas made early bets on:

  • Dropbox
  • Lyft
  • Robinhood
  • Coinbase

The firm has also made investments in in mattress company Casper, electric vehicle charger Volta Charging, home security system Ring, and streaming service Pluto TV, among others. Amazon bought Ring for $1 billion in 2018 and Viacom bought Pluto TV for $340 million the following year.

Nas’ latest victory came when Coinbase went public with a value of $86 billion. QueensBridge invested in the Series B round when the crypto exchange had a valuation of $143 million. The firm typically invests $100,000 to $500,000 in startups.

As for his latest move: Underdog is looking to make a splash in a fantasy industry dominated by big names like Yahoo, ESPN, DraftKings, and FanDuel. The startup also announced a best-ball-style fantasy football tournament with a $3.5 million prize pool.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Anthony Davis

Anthony Davis Returns to Mavs in Crisis

The Mavericks beat the Nets 120–101 in Davis’s return.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.
Jun 21, 2024; Boston, MA, USA; Boston Celtics majority owner Wyc Grousbeck holds the Larry O’Brien trophy prior to the Boston Celtics championship parade.

New Celtics Owners Will Inherit $500M Payroll Conundrum

Boston’s new owners could choose to pay the penalties.

Featured Today

Dec 27, 2024; San Jose, California, USA; San Jose Sharks center Macklin Celebrini (71) skates during warm ups before their game against the Vegas Golden Knights at SAP Center at San Jose

Macklin Celebrini and the Sharks Rookies Have Brought Good Vibes to a..

The rookie’s arrival has boosted spirits incongruously high inside the flagging franchise.
Mar 26, 2025; Indianapolis, Indiana, USA; Los Angeles Lakers forward LeBron James (23) in the first half Indiana Pacers at Gainbridge Fieldhouse.
April 1, 2025

The Creator Behind the LeBron ‘Glazing’ Trend Sweeping TikTok

FOS spoke to TikTok user OkaySpade who made the original song.
Mar 22, 2025; Providence, RI, USA; McNeese State Cowboys manager Amir Khan before a second round men’s NCAA Tournament game against the Purdue Boilermakers at Amica Mutual Pavilion
April 1, 2025

Inside the 24-Hour NIL March Madness Deals

Some of the most viral partnerships come together overnight.
Seattle Kraken
April 1, 2025

Samantha Holloway Is Seattle’s NHL Present—and Hopeful NBA Future

Samantha Holloway is steering the Kraken and hoping to revive pro hoops.

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 24, 2025

Why Pro Athletes Are Getting First Look at Start-Up Deals: ‘Shark Tank’..

Rashaun Williams was an early investor in companies like DraftKings and Coinbase.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.
February 18, 2025

Tiger Woods Signs First PGA Tour Player to Wear Sun Day Red

Karl Vilips will wear Sun Day Red at his season debut at the Mexico Open.
Teammates embrace during matchup in The Hundred cricket league
February 15, 2025

Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League

The England and Wales Cricket Board raised £520m by selling team stakes.