Sports apparel, collectibles, trading cards and sports betting platform
Ecommerce📍 Jacksonville, FLFounded 2011
Current Valuation
$31B
as of 2024-Q4
DECACORN
Fanatics is Michael Rubin's licensed sports merchandise empire spanning three units: Commerce (apparel), Collectibles (Topps trading cards) and Betting & Gaming (sportsbook). Founded in 2011, the company hit $8.1B revenue in 2024 (+15% YoY) and was last valued at $31B in a December 2022 round led by Clearlake Capital.
Company Profile
CEO
Michael Rubin
Founded
2011
HQ
Jacksonville, FL
Employees
20000+
Total Raised
$4.0B
Est. Revenue
$9.6B (2025)
Growth
~19% YoY (2024 revenue +15% to $8.1B, 2025 estimated ~$9.6B)
Last Round
Secondary tender — $700M (Dec 2022) · Lead: Clearlake Capital
IPO Status
rumored
Fundraising Status
Secondary tender · $700M · 3y 8mo ago
rumoredTotal raised $4.0B
Secondary Market
Implied price / share
$41.6
Last round price / share
$76.17
vs last round
-45.4%
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Secondary tender
$700M
Dec 2022
Clearlake Capital
—
Founders & Key People
Michael Rubin
Investors
SoftBank · Silver Lake · Clearlake Capital · MSD Partners · Fidelity
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q4. Refreshed quarterly.