Streaming platform Fanatiz secures $10m in fresh funding

Football streaming platform Fanatiz has closed a $10m (€9m) Series A funding round investment deal with 777 Partners, a Miami-based private investment firm.

Fanatiz launched in 2016 and provides live and on-demand coverage in the Americas of football matches from Latin American leagues, as well as Spain’s LaLiga.

Fanatiz is available online and via an app on iOS and Android devices. It also streams content on Roku, Amazon Fire TV, Chromecast and Apple TV.

Fanatiz founder and chief executive Matias Rivera said: “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.”

Fanatiz introduced a reduced subscriber pricing model in 2019 and claims that, since last July, its total number of paid subscribers has increased by 125 per cent. The service charges different subscription fees depending on the territory, including $7.99 per month in the US market.

Fanatiz’s football rights portfolio includes the Argentinian Superliga and other leagues in Latin America, plus the Copa Argentina, Argentinian Basketball League, boxing, motor sports and volleyball.