Fanatics Inc., a Jacksonville, Fla.-based online retailer of licensed sports merchandise, has raised $150 million in private equity funding at around a $1.5 billion post-money valuation. Insight Venture Partnersled the round with a $125 million investment, while Andreessen Horowitz chipped in the other $25 million.
Fanatics also secured a $75 million line of credit from Bank of America. Fanatics remains majority-owned by Kynetic, whose other assets include Rue La La and ShopRunner.www.fanatics.com
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