FloSports calls time on $21m series B

Aug 16, 2016 • Robert Lavine

Bertelsmann co-led the round, which also featured WWE and Discovery Communications, and which took the sports livestreaming platform's total funding to $32.2m.

Bertelsmann Digital Media Investments (BDMI), a corporate venturing subsidiary of media group Bertelsmann, co-led a $21.2m series B round for sports livestreaming subscription platform FloSports with venture capital firm DCM Ventures yesterday.

Sports entertainment organisation World Wrestling Entertainment (WWE), media group Discovery Communications and investment fund Causeway Media Partners also took part in the round, which comes after an $8m investment by Causeway in March 2015.

Founded as FloCasts, the company runs an online subscription service for live sporting events…

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