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SB Nation Scores Series C Funding

Sports-centric blog network SB Nation just secured $10.5 million in a Series C round of financing. "The funding will be used to facilitate the site's growth, fueling acquisitions and driving sales," reports VatorNews.com. "Investing in our writers and our proprietary tech platform," are top priorities for the company, according to SB Nation CEO Jim Bankoff.

Khosla Ventures led this latest round, with participation from Accel Partners and Comcast Interactive Capital. Washington, D.C.-based SB Nation has now raised $23.5 million from said investors, along with Allen & Company and various unnamed angels. SB Nation aspires to be a one-stop shop for sports fans seeking information about teams and players from all manner of sport. According to VatorNews, "With a real-time updated scoreboard, quality articles written by freelance writers, local-based news sections and more, the site is certainly on its way." The latest found of financing values SB Nation at somewhere between $60 and $90 million.

Read the whole story at Vator News »

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