• Loading stock data...
Tuesday, April 29, 2025

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

High-Priced Suns Have a Frustrated Owner, Few Good Options

Phoenix missed the playoffs with an NBA-high $210 million payroll.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
Apr 9, 2025; Phoenix, Arizona, USA; Phoenix Suns guard Bradley Beal (3) dribbles the ball against the Oklahoma City Thunder during the first half at Footprint Center.

Suns Will Miss the Playoffs Despite Having NBA’s Highest Payroll

The team’s luxury tax bill exceeds other teams’ full salaries.
Air Jordans are on display at Sole Food on West Fourth in Downtown Cincinnati. The store, owned by William Foreman, offers high-end sneakers that you won’t see in most stores. The most expensive shoe is a Jordan 1 Low Travis Scott “Phantom” that sells for $850.00. Thursday, June 22, 2023

‘Killing Industry and Innovation’: Small Sports Retailers Brace for Trump Tariffs

The tariffs could put this ski and snowboard gear startup out of business.

Featured Today

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.

The Celtics Succession Plan Remains Murky

The transfer of power to a private-equity group is still unresolved.
April 26, 2025

The Rays Groundskeepers Are Adjusting to Life Outside the Dome

After nearly three decades in a dome, Tampa groundskeepers were forced outside.
April 25, 2025

The Former NBA Agent Who Became a Pickleball Deputy Commissioner

Chris Patrick went from representing Jimmy Butler to pickleball deputy commissioner.
Apr 5, 2025; San Antonio, TX, USA; Duke Blue Devils forward Cooper Flagg (2) reacts after a three point basket against the Houston Cougars during the first half in the semifinals of the men's Final Four of the 2025 NCAA Tournament at the Alamodome.
April 21, 2025

Cooper Flagg’s Timing Is Perfect for the NBA and USA Basketball

The projected No. 1 pick just declared for the draft.

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
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 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
Sponsored

Fighting for Clarity: Inside UFC’s New Partnership With Total Wireless

UFC teams with Total Wireless in a no-frills partnership built for today’s mobile-first, value-driven fanbase.
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.