Underdog makes executive hires shortly after event contracts launch

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Daily fantasy sports operator Underdog has named Rishi Garg its new Chief Financial Officer and Kimberly Pointer Corbett its Chief Marketing Officer as the group continues to expand.

The hires came as Underdog projected nearly US$500 million in revenue in its fifth year of operation and follow the company’s partnership with crypto-exchange group Crypto.com to bring sports event contracts to its platform.

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The firm also recently raised US$70 million in Series C funding, led by venture capital firm Spark Capital, valuing the company at more than US$1.3 billion.

Underdog Founder and Chief Executive Jeremy Levine said, “Our formula to win is simple: invest in people and product, and we bring in leaders who know what it takes to build the type of company we want to be. Throughout their careers, Rishi and Kimberly have done it, demonstrating the ability to build some of the most globally successful consumer brands. We have ambitious goals and we’re building the team to take us there.”

Garg, a former Twitter and Square executive and longtime venture investor, will oversee Underdog’s financial and corporate strategy. “After only five years, Underdog is growing fast and is beloved by fans,” Garg said.

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Pointer Corbett, who previously led digital publishing at Warner Bros. Games and held senior roles at Zynga and Kabam, will direct marketing strategy. “Underdog has amazing talent and is positioned to be the biggest company in the space,” she added.

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2025/01/29: Underdog Fantasy extends contracts with Gil’s Arena cast 2025/09/03: Crypto.com and Underdog to bring sports prediction markets to 16 states 2025/02/04: Robinhood launches event contracts ahead of Super Bowl 2025/03/25: Massachusetts investigates Robinhood’s March Madness event contracts