ALLCITY Network, a Denver, CO-based operator of multi-platform local sports networks, raised an undisclosed amount in Series B funding.
The round was led by TEGNA (NYSE: TGNA). Existing investors Mosaic General Partnership and Bullpen Capital also participated.
The company intends to use the funds for continued market expansion, investment into streaming, FAST operations and the hiring of key management positions.
Led by CEO Brandon Spano, ALLCITY Network improves local sports coverage, delivering daily, team-specific shows available across streaming video, podcast, and other digital platforms. Launched in 2019, it has since expanded to Phoenix, Chicago and Philadelphia and its portfolio now includes over 30 daily shows across the country. In addition to media products, the company reaches fans with original custom apparel lines and community-driven events, such as tailgates and watch parties.
FinSMEs
21/08/2024