Bedrock Capital led a series D round for the Bertelsmann, Comcast and Chernin Group-backed sports media company at a $500m valuation.
US-based sports media platform The Athletic, which counts corporates Bertelsmann, Comcast and The Chernin Group as investors, has secured $50m in series D funding, company executives told Axios on Tuesday.
Venture capital firm Bedrock Capital led the round, which included Evolution Media, the investment firm backed by talent agency CAA, in addition to Emerson Collective, Powerhouse Capital, Plus Capital, Founders Fund and Y Combinator. It valued the company at $500m.
Founded in 2016, The Athletic runs a digital media offering…
