Comcast Ventures and existing backers The Chernin Group and Bertelsmann Digital Media Investments all took part as the sports media company raised money at a $200m valuation.
US-based sports media platform The Athletic has secured $40m in series C funding from investors including digital media company The Chernin Group, media firm Bertelsmann and mass media group Comcast, Axios has reported.
Founders Fund and Bedrock Capital co-led the round, which also featured Evolution Media Capital, the investment firm backed by talent agency CAA and film studio Participant Media, as well as Courtside Ventures, Y Combinator, Advancit, Amasia and Luminari.
Bloomberg and Comcast participated through respective subsidiaries Bertelsmann Digital…
