Discovery, WWE Invest in Niche-Sports Streamer FloSports as Part of $47 Million Funding Round – Variety

Discovery, WWE Invest in Niche-Sports Streamer FloSports as Part of $47 Million Funding Round  Variety

FloSports, a provider of live-streaming and on-demand niche sports programming, announced a $47 million Series C funding round, led by current investor Discovery. The round, which brings FloSports to $75 million raised to date, also included participation from other existing FloSports investors WWE, Bertelsmann Digital Media Investments, Causeway Media Partners, DCM Ventures, and Fertitta Capital, the investment firm of former UFC owners Frank and Lorenzo Fertitta,. FloSports, launched in 2009, has broadcast rights to more than 4,000 events across 25 sports like wrestling, track and field, …

Source: Investment New Feed