FloSports raises $47m in funding from Discovery and World Wrestling Entertainment among others

"FloSports closes its Series C funding round with $47m (€41.7m) led by current investor Discovery Inc., the round also included participation from existing FloSports financial investors Causeway Media Partners, LP, Fertitta Capital, and DCM Ventures, as well as strategic investors World Wrestling Entertainment, Inc. and Bertelsmann Digital Media Investments," said the US publisher of OTT sports platforms on 03/06/2019.

"We are excited to continue building on the momentum of our recent strong growth, including our best quarter ever. With this new round of funding from our investors, we will further enrich underserved sports communities by broadening our existing coverage and expanding into new verticals," said Mark Floreani co-founder and CEO of FloSports, which reported that it had "grew both subscribers and annual recurring revenue by more than 50% year over year."

"We are big believers in the consumer appeal of OTT verticals like FloSports to serve passionate communities and fans. FloSports aligns nicely with Discovery's global direct-to-consumer strategy and provides us with…