SoftBank to tap Vision Fund for Fanatics investment
August 09, 2017
Internet Retail | Jacksonville, FL | Late Stage
SoftBank has agreed to lead a $1 billion round for online retailer Fanatics, per The Wall Street Journal. The funding will value Fanatics, which specializes in selling licensed sports apparel and merchandise, at a reported $4.5 billion. The financing is the latest from SoftBank’s massive Vision Fund, a $93 billion vehicle you can learn all about right here. Fanatics was previously valued at $3.3 billion with a $170 million round in 2013.