The SoftBank and Alibaba-backed sports memorabilia retailer doubled its valuation to $12.8bn in a late-stage round that took its total funding near the $2bn mark.

Fanatics, a US-based sports goods vendor that counts internet and telecommunications group SoftBank and e-commerce firm Alibaba as backers, has raised $320m, CNBC reported yesterday. Sporting league manager Major League Baseball (MLB) and financial services and investment group Fidelity Investments took part in the round, as did Franklin Templeton, Neuberger Berman, Silver Lake and Thrive…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.