FloSports Raises $47 Million to Expand Streaming Sports Coverage
In Q1, the company grew subscribers and ARR by 50%.
Streaming sports service FloSports announced Monday that it raised $47 million in Series C funding, led by Discovery Inc. This additional funding will help the company enhance and expand its live digital sports coverage and original content. Additional financial investors include Causeway Media Partners, Fertitta Capital and DCM Ventures, and strategic investors include World Wrestling Entertainment (WWE) and Bertelsmann Digital Media Investments.This brings the total raised to date to $79.2 million.
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