FloSports closes $21.2M funding round

What does FloSports do?

Flosports, is an innovative sports events and media company. It is an authentic source for content and a new world of coverage for true fans which have been waiting for. The company has focused on 3 main things; live coverage and competition, original content and events oowned and operated. This company takes fragmented communities and provides them the platform for connecting with the sports they like. The company focises on live sports and is presently operating a subscription based network of fourteen dedicated verticals in sports including track, wrestling, elite fitness, grappling, boxing, MMA, gymnastics, fastpitch, tennis, basketball, eSports and cheerleading.

How much FloSports was funded?

The company raised $21.2M in Series B on August 15, 2016 from Causeway Media Partners, World Wrestling Entertainment, Discovery Communications, DCM Ventures and BDMI.

Previous funding

$3M on June 3, 2015 from Silicon Valley Bank

What is next for FloSports?

FloSports lanched 4 new sites including FloTennis, FloVolleyball, FloKO and FloCombat, which covers the fighting game community. The company plans to use the latest funding for accelerating the online sports network’s growth into new sports and for expanding its existing verticals. The company wants to partner with world class investors for sharing its vision of transforming sports media. The company is excited that visionaries in the OTT and media space have backed the company in acheiving their goal. The company is best direct A to A customer solution for governing bodies, leagues and independent rights holders for monetizing their events. In turn, this enables the company in serving millions of sports admirers and supports its mission of growing the atheltes, sports, fans and events.

More about FloSports

FloSports was founded in 2006 by Martin Floreani. It has its headquarters in Austin, Texas. The company is unlocking the sports world coverage which true fans have been waiting for, through premier events’ live streaming, weekly studio shows, video programming.