Magma Partners made an undisclosed investment in Fanatiz, a football live streaming platform.
(LatAm List) Fanatiz enables Latin American football (soccer) fans to watch games from anywhere in the world. The service currently offers coverage of the Libertadores and Sudamericana Cups, and soccer leagues from Argentina, Brazil, Chile, Mexico, and Peru. They even offered the Pope his own subscription so he could watch his team, San Lorenzo, from the Vatican.
Fanatiz recently received investment from Magma Partners, an early-stage venture capital firm in Santiago, Chile. They were also recently selected to participate in the 500 Startups Growth program in Miami. With offices in the US, Chile, Spain, and Argentina, Fanatiz plans to use the investment to grow internationally.
“We’re really excited to partner with Magma Partners as we continue our path of rapid growth and market expansion. With clients in over 100 countries, we place special value in Magma Partners’ vision and support for Latin American companies growing on the global stage,” said Fanatiz co-founder and CEO, Matias Rivera.