AllCity Network raised $12M in Series B funding led by TEGNA to expand its digital local sports offerings into Dallas.
Aug 19, 2024•over 1 year ago
Amount Raised
$12 Million
Round Type
series b
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.
Funding Insights
Based on industry dataVC-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