Sports retailer Fanatics Inc. closed a $350 million investment round, people familiar with the matter said, a sign of investor confidence in the combination of online shopping and official sports merchandise.
With the funding round closing Thursday, Fanatics is now valued at roughly $6.2 billion after raising about $1.5 billion since 2011, these people added. This Series E round, led by Fidelity Management & Research Co. and Thrive Capital, is expected to be the company’s last private funding before it files for an initial public offering, these people said. The timeline for an IPO is unclear.Previous Fanatics investors include Japanese conglomerate SoftBank Group Corp. , whichTo Read the Full Story
MichaelGRubin Congratulations MichaelGRubin!
No fans in stands I don’t give a damn
Fans are mia
Who would invest in gear of sports that hate their fans?
And their customer service still as crap. Smart shoppers will avoid these folks..