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AllCity Network raised $12M in Series B funding led by TEGNA to expand its digital local sports offerings into Dallas.

Aug 19, 2024over 1 year ago

Amount Raised

$12 Million

Round Type

series b

DenverOther

Investors

Joe PomplianoTegna

Description

AllCity Network has successfully raised $12 million in Series B funding, marking a significant step in its growth as a digital local sports company. The investment, led by TEGNA, will facilitate the launch of its services in Dallas, enhancing content promotion and TV distribution across multiple cities.

Company Information

Company

AllCity Network

Location

2339 E. COLFAX AVE.

Denver, Colorado, United States

About

ALLCITY Network is a digital sports network and lifestyle brand that puts an emphasis on culture and community above all else. We currently have local networks in Colorado (DNVR), Arizona (PHNX), Illinois (CHGO), and Pennsylvania (PHLY) and we are launching in new markets in 2024 and beyond. We are looking for great personalities and partners who want to help us build America's next major sports network.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech