Sports News Startup ‘The Athletic’ Raises Another $5.4 Million in Funding
In January, we reported on the launch of The Athletic, a subscription-only sports news startup that had raised $2.1 million in its seed funding round. Using a hard paywall, The Athletic website and mobile app launched in January in two markets – Chicago and Toronto – with a goal of expanding to new markets if it took off. The Athletic has now expanded into Cleveland, Detroit and the San Francisco Bay area. It looks like Philadelphia is next. Fast forward to July and The Athletic has raised another $5.4 million in funding, according to CrunchBase, bringing the total raised in three funding rounds to $7.7 million from eight investors.
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