Companies · Gaming
NEW YORK · Gaming · refined from filed group “Other Technology” · https://www.fanaticsinc.com/
Diligence memoA one-page analyst read on Fanatics Holdings, Inc. — recommendation, valuation, rhythm, risks.→Fanatics Holdings, Inc. has raised $3.4B over 6 rounds; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the gaming sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Fanatics Holdings, Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Fanatics Holdings, Inc. is one of 344 Gaming companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Fanatics offers the broadest assortment of fan merchandise and memorabilia worldwide.
Fanatics offers the broadest assortment of fan merchandise and memorabilia worldwide. Fanatics is a leading global digital sports platform redefining how fans connect with the teams, players, and moments they love. Our businesses – Fanatics Commerce, Fanatics Collectibles, Fanatics Gaming, Fanatics Fest, Fanatics Markets, Fanatics Advertising, Fanatics Credit Card and Fanatics Studios – maximize the presence and reach for hundreds of partners globally and create a one-stop experience that allows fans around the world to buy, wager, collect and engage with their favorite sports in deeper, more immersive ways. This includes licensed fan gear and lifestyle products, sportsbook, iGaming and prediction market platforms, physical and digital trading cards, live events, premium sports entertainment content, and more. Together, they form a powerful, integrated ecosystem delivering personalized experiences to over 100 million fans worldwide. Fanatics holds partnerships with over 900 sports properties, from professional leagues and players’ associations to teams, colleges, and retail partners; over 6,000 athletes and celebrities; and over 2,000 retail locations, including all Lids retail sto
Trades publicly as Fanatics Inc.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 29%.
Round size and date are reported; the stage label is inferred from round size (latest is Growth/Late — a round over $400M). Valuation is modeled from stage benchmarks scaled by the gaming sector profile. Directional, not a quoted figure.
Benchmarked against 344 companies in Gaming. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series D+ | $150.0M | 2012-06-06 | $1.3B | $3.1B | 85% |
| Series D+ | $350.0M | 2020-08-13 | $2.9B | $7.0B | 90% |
| Series D+ | $350.0M | 2020-08-13 | $2.9B | $7.0B | 90% |
| Series D+ | $322.6M | 2021-04-29 | $2.7B | $5.6B | 90% |
| Series D+ | $322.6M | 2021-04-29 | $2.7B | $5.6B | 90% |
| Series D+ | $336.6M | 2021-08-27 | $2.8B | $5.5B | 90% |
| Growth/Late | $1.5B | 2021-12-15 | $15.4B | $25.5B | 90% |
| Growth/Late | $685.5M | 2022-10-24 | $6.9B | $9.9B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Deven Parekh | — | 20 other | 2020-08 |
| Michael Rubin | — | 7 other | 2012-06 |
| GREG MONDRE | — | 4 other | 2020-08 |
| F. Douglas Mack | — | 2 other | 2020-08 |
| Michael G. Rubin | — | 2 other | 2020-08 |
| Ronald Fisher | — | 2 other | 2020-08 |
| Glenn H. Schiffman | — | 1 other | 2020-08 |
| Michael Bingle | — | 1 other | 2020-08 |
| Michael R. Conn | — | 1 other | 2021-04 |
| Mindy Grossman | — | 1 other | 2020-08 |
| Mukul Chawla | — | 1 other | 2020-08 |
| Alan Trager | — | — | 2012-06 |
| Brent Trager | — | — | 2012-06 |
| Caren G. Yeamans | — | — | 2020-08 |
| Caren R. Yeamans | — | — | 2021-04 |
| Caren Yeamans | — | — | 2020-08 |
| Deven G. Parekh | — | — | 2020-08 |
| Deven R. Parekh | — | — | 2021-04 |
| Earvin R. Johnson, Jr. | — | — | 2021-04 |
| Gerald G. Storch | — | — | 2020-08 |
| Gerald Storch | — | — | 2020-08 |
| Greg G. Mondre | — | — | 2020-08 |
| Greg R. Mondre | — | — | 2021-04 |
| Jonathan H. Mildenhall | — | — | 2021-12 |
Fanatics Holdings, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Discovered from fanaticsinc — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Fisker Automotive Holdings, Inc. | Manufacturing | Growth/Late | $2.9B | $1.2B | network1 shared operator · same stage |
| Igloo Holdings Corp | Other | Growth/Late | $1.4B | $157.2M | network1 shared operator · same stage |
| SharpLink Gaming, Inc. | Gaming | Growth/Late | $425.0M | $4.0B | same sector · same stage |
| Fanatics TC Holdco, Inc. | Other | Series D+ | $347.0M | $5.0B | network2 shared operators |
| MB Parent Holdco, L.P. | Other | Growth/Late | $917.1M | $16.2B | network1 shared operator · same stage |
| Insight MB Holdings, LLC | Other | Growth/Late | $680.1M | $12.1B | network1 shared operator · same stage |
| Sabre Corp | Other Technology | Growth/Late | $645.5M | $21.0B | network1 shared operator · same stage |
| We Co. | Other | Growth/Late | $600.5M | $33.6M | network1 shared operator · same stage |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Fanatics TC Holdco, Inc. | Other | Series D+ | $5.0B | 78% |
| Affiliated Sports Fans, LLC | Sports & Fitness | Pre-Seed | $11.0M | 74% |
| Fan Owned Club, Inc. | Other | Pre-Seed | $7.8M | 74% |
| Fanchise League Co LLC | Other | Series A | $227.0M | 73% |
| FanXchange Ltd | Retailing | Seed | $12.6M | 73% |
| Fanfactor Inc | Other | Pre-Seed | $3.5M | 73% |
| Fanbasis Inc. | Other | Series B | $98.9M | 73% |
| Collectable Sports Assets, LLC | Sports & Fitness | Pre-Seed | $1.4M | 73% |
See where Fanatics Holdings, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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