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Forever Network raised $6 million in a Series A led by Yolo Investments, with support from Three Kings Capital, Folklore Ventures and Astralis Capital to expand into the US and launch new sports media verticals.

PRIVATEMar 25, 2024

Amount Raised

$6 Million

Round Type

Series A

SydneySocial MediaNews

Investors

Astralis CapitalFolklore VenturesThree Kings CapitalYolo Investments

Description

Forever Network, the company behind fan engagement social media brand Basketball Forever, has raised $6 million in a Series A round led by Yolo Investments, with support from Three Kings Capital, Folklore Ventures and Astralis Capital. The capital will be used to expand into the US, launch new sports media verticals, and expand its roster of free and monetized games.

Quick answer

Forever Network raised $6 Million in a Series A round, dated March 25, 2024. Investors: Astralis Capital, Folklore Ventures, Three Kings Capital and Yolo Investments. Forever Network is based in Sydney, New South Wales, Australia.

How much did Forever Network raise?
Forever Network raised $6 Million in a Series A round on March 25, 2024.
Who invested in Forever Network?
Astralis Capital, Folklore Ventures, Three Kings Capital and Yolo Investments are named as investors in this round.
What does Forever Network do?
Forever Network is a social-first sports media company.
Where is Forever Network based and how big is it?
Forever Network is based in Sydney, New South Wales, Australia.
Who are the decision-makers at Forever Network?
Fundz holds 1 contact at Forever Network. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Social Media and News around the same time

Companies in the same sectors as Forever Network that raised within 45 days of this round, from Fundz verified event records.

  • Superfy raised $2.2M (Seed) on May 8, 2024.
  • Wishew raised $10M (Pre-Seed) on May 1, 2024.
  • LiveMode raised an undisclosed amount on April 23, 2024.
  • AlphaFund raised $3.2M (Seed) on April 13, 2024.
  • Tomo raised an undisclosed amount on April 10, 2024.
  • ProrataAI raised $130K on March 28, 2024.

Who to call at Forever Network, and when

A new round usually means Forever Network is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Forever Network

Location

Sydney, New South Wales, Australia

About

Forever Network is a social-first sports media company. We're a new media company built for the social-first era, redefining media experiences at the intersection of sports and culture on the platforms where young people spend most of their time. Every day we define the moments that matter in the palm of our audiences hands, wherever they are in the world, through the most visual, engaging and sharable content possible.

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Fundz sees it the moment Forever Network raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Forever Network raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.