FanCode, a digital sports platform, has raised $50 million from parent company Dream Sports' investment arm, Dream Sports Investments (DSI), as it seeks to expand its reach and connect with its customer base.

FanCode, founded in March 2019 by Yannick Colaco and Prasana Krishnan, will use this round of funding to accelerate the growth and scale of its digital sports services.

This would imply looking at expanding its user base across a multi-sport platform, as well as hiring engineering and product development talent.
“FanCode is transforming the way sports is consumed online by focusing on long-tail sporting events and personalisation of content, commerce, and sports statistics across all sports. We are happy to support FanCode’s efforts in scaling up the business and making sports more accessible to over 800 million fans in India,” says, Harsh Jain, CEO, and Co-Founder of Dream Sports.

FanCode has partnered with some of the world's leading sports brands, including the NFL, MLB, Cricket West Indies, New Zealand Cricket, NBA, Bundesliga, and multiple IPL teams, and has live-streamed nearly 30,000 hours of sports content since its inception in 2019.

Yannick Colaco, Co-Founder of FanCode, said, “The funding from Dream Sports will help us enhance our existing offerings and invest in further innovation in the sports tech domain as we scale up to our goal of growing to a user base of 100 million sports fans by July next year.”

FanCode has created three direct-to-consumer revenue streams: FC Live (live sports content), FC Shop (official sports fan merchandise), and FC Stats (sports analytics and insights).

Prasana Krishnan, Co-Founder of FanCode, said, “The investment from Dream Sports is a testament to the growth and potential of FanCode, and we look forward to scaling our business, continuing to create unique digital fan experiences, forging more strategic partnerships, and onboarding the best talent.”