Fz Sports, a Miami-based company specializing in sports media and technology, has successfully raised $74 million in funding to fuel its growth. The financing round, comprising debt and equity capital, was led by prominent investors, including 777 Partners, MEP Capital, Torneos, Serengeti Asset Management, and Magma Partners.
Founded in 2017, Fz Sports operates three distinct businesses. The first is 1190 Sports, a sports rights management company that oversees the international broadcasting rights of esteemed soccer leagues in Brazil, Argentina, Chile, and Peru. Additionally, Fz Sports owns Nunchee, a white-label direct-to-consumer streaming service provider, and Fanatiz, a global streaming service that offers a wide range of sports content.
The recent funding will enable Fz Sports to continue bolstering its support for sports rights management and distribution of major leagues and federations in the Latin American region. This includes the provision of their proprietary streaming platform and digital rights management services for direct-to-consumer distribution on official leagues' streaming platforms such as AFA Play, Brasileirao Play, and Liga1 Play.
Juan Arciniegas, Managing Director and Head of Sports, Media, and Entertainment at 777 Partners, expressed enthusiasm for Fz Sports' growth trajectory and its innovative approach to transforming the production and consumption of soccer. Fz Sports has established a remarkable global network of partnerships, including renowned soccer clubs like Genoa CFC, Vasco de Gama, and Sevilla FC, through its flagship streaming service, Fanatiz.
