With the Series D funding round, the subscription-based digital sports-media company has raised a total of US$139.5 million since launch and is valued at roughly US$500 million, according to Axios sources familiar with the deal. Investors in the round include Laurene Powell Jobs’s Emerson Collective and Matthew McConaughey, through Plus Capital. (Axios)
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With the Series D funding round, the subscription-based digital sports-media company has raised a total of US$139.5 million since launch and is valued at roughly US$500 million, according to Axios sources familiar with the deal. Investors in the round include Laurene Powell Jobs’s Emerson Collective and Matthew McConaughey, through Plus Capital. (Axios)
Talking point: Co-founder Alex Mather said the company’s next goal is to grow subscribers in global markets, building on its soccer offering launched in the U.K. last year. International markets is something the company has in its earliest DNA: Toronto was one of its first markets in 2016. We’re obviously bullish on subscription-based digital media businesses at The Logic, but what makes The Athletic unique is its defined product offerings with global scale. The company now has over 500 full-time employees and said it expects to be profitable this year. Eighty per cent of its subscribers stay past one year.
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