SB Nation Raises $10.5 Million

SB Nation, which operates a network of 290 sport-specific blogs, has secured $10.5 million in a third-round funding led by Khosla Ventures. Headed by former AOL executive Jim Bankoff, the Washington, D.C.-based startup will use the new capital to expand staffing and further develop its technology. The company says its traffic has tripled in the last year. Web measurement firm Compete estimates SBNation.com's audience at 1.3 million unique monthly visitors as of September. The financing was first reported today by All Things D.
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