The Venezuela national basketball team is organized and run by the Venezuelan Basketball Federation (FVB). They won the 2015 FIBA AmeriCup.

The 2015 FIBA Americas Championship for Men, later known as the FIBA AmeriCup, was the FIBA Americas qualifying tournament for the 2016 Summer Olympics, in Brazil. This FIBA AmeriCup tournament was held in Mexico City, Mexico. The tournament was won for the first time by the Venezuelan national basketball team. Venezuela and runner-up Argentina, qualified directly for the 2016 Olympics. They joined the FIBA Americas member, United States, who qualified for the Olympics by virtue of winning the 2014 FIBA World Cup, and they elected not to participate at this tournament; and FIBA Americas member, Brazil, who finished 9th in the tournament, but qualified for the Olympics as the host nation. Canada, Mexico, and Puerto Rico, the next three highest-finishing teams, qualified for the 2016 FIBA Olympic Qualifying Tournament, but none of them won their respective qualifying tournaments, therefore eliminating their 2016 Olympic hopes.