Bleacher Report Secures $22,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=31d9a4c9-f269-4044-90f1-821b192546b0&Preview=1
Date
8/24/2011
Company Name
Bleacher Report
Mailing Address
609 Mission St. Fourth Floor San Francisco, CA 94105
Company Description
Bleacher Report is where the sports bar meets the press box, the place where fan-journalists create and critique high-quality sports analysis.
Website
http://www.bleacherreport.com
Transaction Type
Venture Equity
Transaction Amount
$22,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding will be used to scale Bleacher Report’s operations, including the build out of content development and revenue support teams, while also exploring opportunities to expand Bleacher Report’s model through content experiences like video and mobile where passionate contributors can be connected to avid content consumers.
M&A Terms
Venture Investor
Oak Investment Partners
Venture Investor
Crosslink Capital
Venture Investor
Undisclosed