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The Athletic raises $40 million in new funding to challenge legacy sports media companies

The Athletic

 

What’s happening:

The Athletic, a digital sports media company, has raised an additional $40 million in a new round of funding. This capital adds to the previous investment money raised since its launch in 2016, bringing its total funding raised to $70 million.

The Athletic is now valued at an estimated $200 million and thinks it can meet the growth expectations of venture capitalists in the digital media field.


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Shelley Seale

Shelley Seale

Shelley Seale is a journalist, content creator, award-winning writer, author, publication designer, editor and communications professional. She can be reached at www.shelleyseale.com. and Twitter

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