777 Partners
600 Brickell Ave, Ste 1900, Miami, FL, 33131, United States
Overview
777 Partners is a Miami-based investment firm focused on a broad spectrum of specialty finance businesses, asset originators and financial technology and services providers. Its overarching thesis is to incubate new ventures and to make control investments in businesses with scalable profiles and ambitious management teams operating in attractive markets. 777’s senior management team is composed of industry veterans with backgrounds in private equity, venture capital, investment banking, financial technology, aviation, insurance, actuarial science, asset management, structured-credit, ABS, risk, analytics, complex commercial litigation and computer science.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- FZ Sports
Participated · Equity · Jun 2023
Fz Sports operates a platform of three complementary businesses: Fanatiz, a sports streaming service focused on Hispanic audiences; 1190 Sports, which manages and markets sports rights; and Nunchee, a technology provider for creating and operating streaming services. The company provides proprietary streaming and digital rights management for leagues including the Brasileirão, Liga Argentina, and recently Liga1 Peru, and is part of a consortium managing Chilean national teams' broadcasting and sponsorship rights for 2023–2026. Fz Sports reports paying subscribers in more than 100 countries and, via 1190 Sports, distribution agreements that reach over 500 million households. The team is about 80 people, with six based in Miami, and the company says annual revenues have grown 60x since 777 Partners led its Series A in 2019. The $74 million growth round, composed of both debt and equity, will fund global development and distribution of Brazilian and Argentinian football and support its recent purchase of a 30% stake in the Peruvian league, which Fz Sports will now manage. The company is also developing a centralized Brazilian league project with Serengeti Asset Management and Life Capital Partners and pursuing additional partnerships across the Americas.
- Fanatiz
Led · Series A · Jan 2020
Fanatiz is a Miami-based sports streaming service launched in 2016 that distributes Latin America’s soccer games to global audiences. It offers live and on-demand access to matches from partners including beIN SPORTS, GOL TV, TyC Sports and RCN Nuestra Tele. The platform is accessible via web, iOS and Android apps and on TV devices such as Roku, Amazon Fire TV, Chromecast and Apple TV. Fanatiz launched a reduced subscriber pricing model last year to help ensure continued growth. Since July 2019, the paid subscriber base has increased 125%. The company says the new funding will be used to enhance the platform and support future growth. Founder and CEO Matias Rivera previously helped start four other ventures, including Startup Chile, and participated in 500 Startups Miami’s Growth Accelerator.