# Fanatics funding: rounds and investors > Fanatics has raised $2.5B across 6 rounds since 2012. Investors include Andreessen Horowitz, Temasek Holdings and Bank of America. Every round with its source. Source: https://millionrounds.com/company/fanatics (Millionrounds; every figure on the page links to its filing or article) United States · [Growth startup](https://millionrounds.com/companies) # 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. Esports Internet Valuation: $31B, Mar 2026 Funding summary Updated 26 Oct 2026 **$2.5B** raised across 6 rounds since 2012, from 6 sources **$225M** Growth **$75M** Debt **$170M** Growth **$300M** Growth **$1.0B** Round **$700M** Growth - **Latest round:** Growth, $700M Dec 2022 - **Biggest round:** $1.0B Round · 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. 2012 2014 2016 2018 2020 2022 **$225M** Growth **$75M** Debt **$170M** Growth **$300M** Growth **$1.0B** Round **$700M** Growth - **First round:** Growth, $225M - **Biggest round:** $1.0B - **Usual gap between rounds:** 2.3 years ## The rounds - **Dec 2022** Growth **$700M** *3 new* *2 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Temasek Holdings](https://millionrounds.com/fund/temasek) [BlackRock](https://millionrounds.com/fund/blackrock) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Source recorded SEC filing: $1.5B sold, first sale Dec 2021 - **Sept 2017** Round **$1.0B** *3 new* [VISIÓN FUND](https://millionrounds.com/fund/vision-fund) Lead MLB SoftBank's Vision Fund/ NFL Reported by TechCrunch - **Aug 2015** Growth **$300M** *1 new* [Silver Lake Partners](https://millionrounds.com/fund/silver-lake) From a historical funding record - **Jun 2013** Growth **$170M** *2 new* [Temasek Holdings](https://millionrounds.com/fund/temasek) [Alibaba](https://millionrounds.com/fund/alibaba) Reported by pevc.dowjones.com - **Jun 2012** Growth **$225M** *3 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Bank of America](https://millionrounds.com/fund/bank-of-america) Reported by finsmes.com - **Jun 2012** Debt **$75M** *1 returning* [Bank of America](https://millionrounds.com/fund/bank-of-america) From a historical funding record ## Founders and team From Fanatics's own website: 33 on the team. - **Andrew Low Ah Kee** Chief Executive Officer - Fanatics Commerce - **Kelly Guo** Chief Executive Officer - Fanatics China - **Matt King** Chief Executive Officer - Fanatics Betting & Gaming - **Michael Rubin** Chief Executive Officer - Fanatics - **Mike Mahan** Chief Executive Officer - Fanatics Collectibles - **Nick Bell** Chief Executive Officer - Fanatics Collect - **David Leiner** President, Trading Cards - Fanatics Collectibles - **Emilie Arel** President, Mitchell & Ness - Fanatics Commerce - **Gary Gertzog** President, Business Affairs - Fanatics Commerce - **Joe Monahan** Global President, Fanatics Brands - Fanatics Commerce - **Mike Hermalyn** President, VIP - Fanatics - **Stephen Dowling** President, International - Fanatics Commerce - **Zohar Ravid** President of International - Fanatics Collectibles - **Alexis Capra** Chief People Officer - Fanatics Collectibles - **Amy Thurlow** Chief Administrative Officer - Fanatics Collectibles - **Andrea Ellis** Chief Financial Officer - Fanatics Betting & Gaming - **Brian Miles** Interim Chief Financial Officer - Fanatics Commerce - **Greg Abovsky** Chief 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. **Growth** 2012 **Debt** 2012 **Growth** 2013 **Growth** 2015 **Round** 2017 **Growth** 2022 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Bank of America](https://millionrounds.com/fund/bank-of-america) [VISIÓN FUND](https://millionrounds.com/fund/vision-fund) L [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [BlackRock](https://millionrounds.com/fund/blackrock) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Alibaba](https://millionrounds.com/fund/alibaba) [Silver Lake Partners](https://millionrounds.com/fund/silver-lake) ## Exits Exit Buyer Price When Acquired Kynetic undisclosed Jun 2011 Acquired [GSI Commerce](https://millionrounds.com/fund/gsi-commerce) undisclosed Feb 2011 From historical deal records. Wrong? [Tell us](https://millionrounds.com/corrections?slug=fanatics). ## Everyone who backed them [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **2** rounds [Bank of America](https://millionrounds.com/fund/bank-of-america) Company **2** rounds [VISIÓN FUND](https://millionrounds.com/fund/vision-fund) VC firm **1** round, led 1 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) VC firm **1** round [BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **1** round [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) Family office **1** round [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round [Alibaba](https://millionrounds.com/fund/alibaba) Growth equity **1** round [Silver Lake Partners](https://millionrounds.com/fund/silver-lake) Private equity **1** round MLB no record of our own yet **1** round SoftBank's Vision Fund/ NFL no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=fanatics). ## 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 Ventures](https://millionrounds.com/fund/rosecliff) VC firm Per 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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