Fanatiz gains $10MN funding for sports streaming service
Joseph O'Halloran
| 14 January 2020

In an indication of how it is poised for growth in 2020, sports streaming platform Fanatiz has announced that it has closed a Series A funding round investment deal with Miami-based private investment firm 777 Partners worth $10 million.

Fanatiz claims to be the only platform of its kind that customises a whole online customer experience, allowing viewers to select their favourite team and receive ongoing updated and unique details from each of their favourite teams. Viewers can access Fanatiz online and from an iOS and Android smartphone app or by streaming from Roku, Amazon Fire TV, Chromecast and Apple TV.

Since July 2019 the service has seen a 125% increase in paid subscribers and the company says that 2019 was a banner year for the platform including the launch of a reduced subscriber pricing model for new and existing users. This said Fanatiz would make it the most affordable option for football fans available in the US sports streaming market. This, coupled with securing record viewership numbers during LaLiga’s marquee soccer matchup, El Clásico in December 2019 is regarded by the company as putting the platform on course for continued growth this year.

“It is truly a milestone day for all of us at Fanatiz, and most importantly, our fans and viewers,” said Fanatiz founder and CEO, Matías Rivera. “The partnership with 777 Partners reflects our strong growth trajectory, and solidifies our positioning as one of the main contenders in a competitive sports streaming marketplace. We are more excited than ever to start 2020 bolstered by this new support, enhancing our platform for loyal soccer fans everywhere.”

“We view our investment in Fanatiz as a fantastic opportunity for growth” added 777 Partners principal Juan Arciniegas. “It gives our firm no greater satisfaction than to support organisations like Fanatiz that are working to become dominant players in fast-growing niche markets. We can’t wait to see what’s to come.”