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January 23, 2020
Digital sports media startup The Athletic has raised $50 million in its Series D funding round, bringing the total raised to date to $139.5 million since its 2016 launch, reports Axios. The funding round was led by Bedrock Capital with participation from Emerson Collective, Powerhouse Capital, Matthew McConaughey, Plus Capital, Founders Fund, Evolution Media and Y Combinator. The Athletic told Axios it would use the money to expand overseas. The company is currently valued at approximately $500 million.