The team was founded as Fußball-Klub Alemania Augsburg in 1907 and played as BC Augsburg from 1921 to 1969. The merging of the clubs TSV Schwaben and BC Augsburg was discussed since the late 1940s. In 1969 BC Augsburg had problems in the 3rd division and so had TSV Schwaben. The new FCA played its first game on 30 July 1969, when it met 1. FC Nuremberg in Augsburg in front of 13,000 and lost 3-0 in extra time.
After the formation of the club in 1969, the club played mostly in the 2nd and 3rd division of German football. From 1983 to 1994 they played in Bavaria's highest league, the Bayernliga. At this time it was the third division of league football in Germany. From 1994 to 2000 they played in the Regionalliga Süd which was the name of the new 3rd stage of German league system. In 2006/07 they played for the first time in the 2.Bundesliga and in the 2010/11 season they reached the second place. They were promoted to the German Bundesliga.