Fanatics

Commerce · New York, New York · Founded 2002

Fanatics is a global digital sports platform whose businesses span licensed sports merchandise and e-commerce, trading cards and collectibles, online sports betting and gaming, live events, and… Fanatics is based in New York, New York and was founded in 2002. It is valued at about $23.1 billion as of Oct 2026, set by secondary market price, down 25% since its Growth Equity in Dec 2022. It has raised $4.4 billion across 10 recorded rounds; the latest was a $700 million growth equity round in Dec 2022.

PMV mark · valuation
$23.1B
Oct 2026
Secondary market · $/share
$57
Total raised
$4.4B
Last round
Growth Equity
Dec 2022

Fanatics key facts

as of Oct 2026
  • Fanatics is a global digital sports platform whose businesses span licensed sports merchandise and e-commerce, trading cards and collectibles, online sports betting and gaming, live events, and…
  • Fanatics is valued at approximately $23.1B (~$57/share on the secondary market) as of Oct 2026, down 25% since its Growth Equity, Dec 2022, per PrivateMarketView’s mark.
  • It has raised $4.4B across 10 recorded rounds; the latest was Growth Equity ($700.0M) in Dec 2022.
  • 1 institutional filer reports fund marks on Fanatics across 30 filings.
PrivateMarketView mark
LOW confidence
$23.1B~$57 per share · secondary market

Down 25% since its Growth Equity, Dec 2022 ($31.0B post-money).

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Secondary market

monthly marks · 46 months · Jan 2023 – Oct 2026
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Jan 2023marks: indicative $/share, month-end · as of Oct 15, 2026Oct 2026
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Institutional fund marks on Fanatics

1 filers · latest Jul 2026

1 SEC-registered fund reported 30 fair-value marks on Fanatics between Apr 2025 and Jul 2026. Filer-level marks and implied $/share are available to Pro members.

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Fanatics funding rounds

10 rounds
Dec 2022Growth Equity$700.0M▮
Apr 2022Growth Equity$1.5B▮
Sep 2021Series A (Fanatics Collectibles / Trading Cards subsidiary)$350.0M▮
Aug 2021Growth Equity$325.0M▮
Mar 2021Series F$320.0M▮

Fanatics leadership

Fanatics valuation

Fanatics is valued at approximately $23.1 billion as of Oct 2026. The figure is set by secondary market price. The secondary market quotes about $57 per share. The reference point is its Growth Equity in Dec 2022, at a $31 billion post-money valuation; the current figure is down 25% since.

Fanatics ranks 10th by valuation and 7th by capital raised among the private companies PrivateMarketView tracks.

Recent activity

In the last 90 days, Fanatics's record added 5 institutional fund marks (latest period Jul 2026).

How much has Fanatics raised?

Fanatics has raised $4.4 billion across 10 recorded rounds since 2012. The largest was a $700 million growth equity round in Dec 2022. 9 of the rounds disclosed a post-money valuation.

Fanatics secondary market activity

A monthly secondary-market price series for Fanatics runs from Jan 2023 to Oct 2026 (46 months).

Institutional holders and vehicles

1 SEC-registered fund reported 30 fair-value marks on Fanatics between Apr 2025 and Jul 2026, in their N-PORT filings. The latest fund marks sit apart from the current valuation. Filer-level marks and implied per-share values are available to Pro members.

Who runs Fanatics

8 people are listed on the Fanatics team: 8 executives, including Andrew Low Ah Kee (Chief Executive Officer) and Michael Rubin (Founder). 1 of them have a verified direct contact on file.

About Fanatics

Fanatics is a global digital sports platform whose businesses span licensed sports merchandise and e-commerce, trading cards and collectibles, online sports betting and gaming, live events, and sports media. It operates the online stores for major leagues, teams and athletes and employs more than 22,000 people across 80+ offices and facilities worldwide.

Industry
Commerce
Sector
Commerce and Shopping
HQ
New York, New York, United States
Founded
2002
Employees
22,000

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