The Athletic works out $20m in funding

Mar 9, 2018 • Robert Lavine

BDMI, Chernin Group and the WPP-backed Courtside Ventures were among the investors as the sports media platform looks to double its headcount.

Evolution Media, the investment firm co-founded by talent agency Creative Artists Agency, has led a $20m round for online sports media company The Athletic, the Wall Street Journal has reported.

Bertelsmann Digital Media Investments (BDMI), a strategic investment arm of media group Bertelsmann, also participated in the round, as did over-the-top media company Chernin Group and Courtside Ventures, an investment vehicle backed by marketing agency WPP.

The investor list was completed by Luminari Capital, Advancit Capital, LionTree Partners, Amasia, Y…

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