HISTORICAL P100 / #16

Fanatics

Sports E-commerce · United States

Historical ranking valuation$25.0BSource snapshot: Jun 19, 2026

Disclosed primary funding in this record

$4.5B

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

8 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-25

THE BUSINESS

Get to know Fanatics.

Fanatics operates a sports platform spanning licensed merchandise, trading cards and memorabilia, betting and gaming, events and other fan-facing products. Its businesses are presented as distinct parts of the wider Fanatics group.

Fanatics business overview ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

Dec 6, 2022$31.0BDecember 2022 financing · ConfirmedSource ↗

Apr 2022$27.0BApril 2022 financing · ConfirmedSource ↗

Aug 10, 2021$18.0B2021 $325M financing · ConfirmedSource ↗

Mar 24, 2021$12.8BSeries F · ReportedSource ↗

Aug 13, 2020$6.2BFinancing round · ConfirmedSource ↗

Sep 2017$4.5BSeptember 2017 financing (series not issuer-specified) · ConfirmedSource ↗

Jun 2013$3.1BJune 2013 financing (series not issuer-specified) · ConfirmedSource ↗

Funding history

Funding rounds, debt and other financing events.

9sourced events · record as of 2026-09-25

Fanatics' own history lists a December 2022 $700M financing at $31B and an April 2022 $1.5B financing at $27B, not a June 2022 $200M latest round; the latter database claim is excluded pending independent evidence. Its 2021 $325M entry is placed in December on the issuer timeline but was reported publicly in August; the public report date is shown, not a legal close date. Its March 2021 Series F amount/participants are reporter-attributed. A $350M Fanatics Collectibles subsidiary raise is not parent-company capital. This is not a complete legal securities register.

Dec 6, 2022LATEST SOURCED

primary

December 2022 financing

Investors undisclosed

Fanatics dates its $700M/$31B event to December 2022; December 6 is the contemporaneous public report date, not a verified legal close. Clearlake's reported lead is not assigned an issuer-confirmed investor role here.

Amount$700MValuation$31.0B

Apr 202208

primary

April 2022 financing

Investors undisclosed

Issuer timeline gives April 2022 and notes strategic league/association/team-owner participation without a named lead; contemporaneous media reported the financing in March. Neither establishes a legal close day.

Amount$1.5BValuation$27.0B

Aug 10, 202107

primary

2021 $325M financing

Investors undisclosed

The issuer confirms $325M/$18B but places this event in December 2021; contemporaneous reporting says it was announced August 10. Shown date is the public report, not a legal close. The investor syndicate is not assigned from the issuer timeline.

Amount$325MValuation$18.0B

Mar 24, 202106

primary

Series F

Silver Lake (lead) · Blackstone · Neuberger Berman · Thrive Capital · Fidelity Management & Research · Franklin Templeton

Fanatics' issuer timeline confirms a March 2021 Series F but does not disclose the amount. Forbes attributes $320M, $12.8B and the named investor group to people close to the deal; those terms are reported, not issuer-confirmed.

Amount$320MValuation$12.8B

Aug 13, 202005

primary

Financing round

Investors undisclosed

Amount$350MValuation$6.2B

Sep 201704

primary

September 2017 financing (series not issuer-specified)

SoftBank Vision Fund (lead) · NFL · MLB · NHL · MLS · NFLPA

Amount$1.0BValuation$4.5B

Aug 201503

primary

August 2015 financing (series not issuer-specified)

Silver Lake Partners

Amount$300MValuationUndisclosed

Jun 201302

primary

June 2013 financing (series not issuer-specified)

Temasek Holdings (lead) · Alibaba Group (lead)

Amount$170MValuation$3.1B

Apr 201201

primary

April 2012 financing (series not issuer-specified)

Insight Venture Partners · Andreessen Horowitz

Amount$150MValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.