Fanatics Raises $1.5 Billion at $27 Billion Valuation
In its latest funding round, the sports merchandise and memorabilia juggernaut received $1.5 billion from Fidelity Management & Research, BlackRock and Michael Dell’s MSD Capital, the Wall Street Journal reported, citing inside sources. The $27 billion valuation represents a 50% jump up from Fanatics last raise in Aug. 2021, when it took in $325 million at an $18 billion valuation. The company has been adding new categories as CEO Michael Rubin looks to extend beyond sports merchandise into several ... Log in to view full article.