United States · Growth startup

Who invested in Fanatics

6 rounds we have observed, with the 12 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

EsportsInternet

Valuation: $31B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$2.5Braised across 6 rounds since 2012, from 6 sources

$225MGrowth$75MDebt$170MGrowth$300MGrowth$1.0BRound$700MGrowth
Latest round
Growth, $700MDec 2022
Biggest round
$1.0BRound · Sept 2017
Investors
12 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201220142016201820202022
$225MGrowth$75MDebt$170MGrowth$300MGrowth$1.0BRound$700MGrowth
First round
Growth, $225M
Jun 2012
Biggest round
$1.0B
Round · Sept 2017
Usual gap between rounds
2.3 years
the median of 4

The rounds

  1. Dec 2022
    Growth$700M3 new2 returning

    Source recordedSEC filing: $1.5B sold, first sale Dec 2021

  2. Sept 2017
    Round$1.0B3 new

    Reported by TechCrunch

  3. Aug 2015
    Growth$300M1 new

    From a historical funding record

  4. Jun 2013
    Growth$170M2 new

    Reported by pevc.dowjones.com

  5. Jun 2012
  6. Jun 2012
    Debt$75M1 returning

    From a historical funding record

Founders and team

From Fanatics's own website: 33 on the team.

  • Andrew Low Ah KeeChief Executive Officer - Fanatics Commerce
  • Kelly GuoChief Executive Officer - Fanatics China
  • Matt KingChief Executive Officer - Fanatics Betting & Gaming
  • Michael RubinChief Executive Officer - Fanatics
  • Mike MahanChief Executive Officer - Fanatics Collectibles
  • Nick BellChief Executive Officer - Fanatics Collect
  • David LeinerPresident, Trading Cards - Fanatics Collectibles
  • Emilie ArelPresident, Mitchell & Ness - Fanatics Commerce
  • Gary GertzogPresident, Business Affairs - Fanatics Commerce
  • Joe MonahanGlobal President, Fanatics Brands - Fanatics Commerce
  • Mike HermalynPresident, VIP - Fanatics
  • Stephen DowlingPresident, International - Fanatics Commerce
  • Zohar RavidPresident of International - Fanatics Collectibles
  • Alexis CapraChief People Officer - Fanatics Collectibles
  • Amy ThurlowChief Administrative Officer - Fanatics Collectibles
  • Andrea EllisChief Financial Officer - Fanatics Betting & Gaming
  • Brian MilesInterim Chief Financial Officer - Fanatics Commerce
  • Greg AbovskyChief Financial Officer - Fanatics Collectibles

And 15 more on the team.

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Exits

ExitBuyerPriceWhen
AcquiredKyneticundisclosedJun 2011
AcquiredGSI CommerceundisclosedFeb 2011

From historical deal records. Wrong? Tell us.

Everyone who backed them

Andreessen HorowitzVC firm2rounds
Temasek HoldingsVC firm2rounds
Bank of AmericaCompany2rounds
VISIÓN FUNDVC firm1round, led 1
Insight PartnersVC firm1round
BlackRockAsset manager1round
Thrive CapitalFamily office1round
Franklin TempletonPrivate equity1round
AlibabaGrowth equity1round
Silver Lake PartnersPrivate equity1round
MLBno record of our own yet1round
SoftBank's Vision Fund/ NFLno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Fanatics as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

Rosecliff VenturesVC firmPer its own site

Quick answers about Fanatics

Who invested in Fanatics?

Fanatics's investors include Andreessen Horowitz, Temasek Holdings, Bank of America, VISIÓN FUND and Insight Partners, and 7 more on record.

How much has Fanatics raised?

Fanatics has raised $2.5B across 6 rounds since 2012.

When did Fanatics last raise?

Fanatics's most recent round was a Growth of $700M in Dec 2022.

What was Fanatics's biggest round?

Fanatics's largest round on record is $1.0B (Undisclosed round), in Sept 2017, led by VISIÓN FUND.

Who backed Fanatics first?

Fanatics's first round on record, in Jun 2012, was backed by Andreessen Horowitz, Insight Partners and Bank of America.

What stage is Fanatics at?

Fanatics's latest named round is a Growth, in Dec 2022.

Where is Fanatics based?

Fanatics is based in the United States.

Who led Fanatics's rounds?

VISIÓN FUND led the Undisclosed round in 2017.

Companies like Fanatics

In the same sector, and raised in the last eighteen months.

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