FloSports, an Austin, TX-based online sports network, received $21.2m in funding.
The round was led by DCM Ventures and Bertelsmann Digital Media Investments (BDMI) with participation from World Wrestling Entertainment (WWE), Discovery Communications and existing investor Causeway Media Partners.
The company, which has now raised $32.2m in total, intends to use the funds to accelerate the online sports network’s growth into new sports and expand its existing verticals.
Led by cofounder and CEO Martin Floreani, FloSports focuses on live sports and currently operates a subscription-based network of 14 dedicated verticals in sports including wrestling, track, grappling, MMA, elite fitness, boxing, fastpitch softball, gymnastics, basketball, tennis, volleyball, cheerleading and eSports.
This year, the company has launched four new sites, including FloVolleyball, FloCombat, FloTennis, and FloKO, which covers the Fighting Game Community (FGC).