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Q3 Fundings: Online Sports Media Firm Active Networks Gets $35 Million

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Another funding we missed earlier this year in Q3, and reported now by PwCMoneyTree in its database: The Active Network, an online sports media, technology and marketing holding company, received a big $35 million sixth round of funding in Q3. The round was led by ABS Ventures, Austin Ventures, Canaan Partners
Charles River Ventures, Enterprise Partners Venture Capital, North Bridge Venture Partners and others.
The company has three main arms: a software arm which develop sports management software; an online sports marketing services arm; and a consumer media arm with sites such as Active.com, eTeamz.com and ActiveGolf.com.
It was founded in 1998 and based in San Diego, CA. The company has been rolling up smaller companies in this space for some time now.

Dec 27, 2006 10:02 PM ET

Posted In: Entertainment, Sports

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