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.