FTBpro, a London, UK-based fan-generated media platform in online football, closed an $18m funding.
Backers included existing investors Battery Ventures and Gemini Israel Ventures, new investor London-based Dawn Capital and a major Asia-based media shareholder.
The company intends to use the funds to further boost its global expansion (mainly into Asia), enhance strategic partnerships and enrich its mobile and video product offerings. Following the round, FTBpro, which is also based in Tel Aviv, will open new offices in South East Asia and launch its platform across the region.
Founded in 2011 by CEO Asaf Peled, the platform is driven by thousands of regular contributors providing hundreds of daily articles in seven different languages. It serves over 100m page views and millions of active users every month across web, mobile and social networks. The content features regularly on leading sites including MSN, Huffington Post, GQ, London 24 and Manchester Evening News.
The company now intends to further develop consumer awareness through strategic partnerships in the world of football and has secured commercial deals in England with the League Managers’ Association (the LMA), as well as the Professional Footballers’ Association (the PFA).
07/05/2013: FTBpro Raises $5.8M in Funding
FTBpro is available on all digital platforms including the ftbpro.com website and the FTBpro dedicated apps on iPhone and Android devices.