Fanatics just raised $1.5B at a $27B valuation

eCommerce
Written By Rick Watson

Fanatics just raised $1.5B at a $27B valuation.

Seriously, a $27 B valuation! That's all there is to write about this.

But seriously, that is an unbelievable valuation which indicates just how expansive this company is planning on becoming.

I also forgot that it owns half of hat retailer Lids Sports group, which it acquired in 2019. I would expect Fanatics to create its own retail experience as well.

Even for Michael Rubin (who is one of the few people I never bet against in anything they are doing), that is a high valuation to live up to.

Will definitely be interesting to see where this goes from here.

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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