Fidelity Management & Research and Thrive Capital led a $350m Series E round in Fanatics.

Fidelity Management & Research, an American multinational financial services company, and Thrive Capital, an investment firm, led a $350m Series E round in Fanatics, an American online retailer of licensed sportswear, sports equipment, and merchandise. Other investors in the round include Franklin Templeton Investments and Neuberger Berman Group. This Series E round is expected to be the company's last private funding before it files for an initial public offering. The timeline for an IPO is unclear.