Sports Website SB Nation Raises $10.5 Million

Brendan Haywood Washington Wizards Dunk

Photo: SteadyBurn.net

SB Nation, a network of websites for sports fans, raised a $10.5 million series C led by Khosla Ventures.The network is comprised of 290 sites focusing on particular teams, sports, or regions. The company reports that traffic has tripled over the past year, while revenue has quadrupled. Quantcast reports that the network reaches 7.1 million unique U.S. users per month.

SB Nation says the company will use the new money to build up its staff and technology, and to make “a few relevant acquisitions.”

SB Nation CEO Jim Bankoff will be talking about this new model for sports media at our Ignition confernece in December.

The round, first reported by All Things D, also included Comcast and Accel.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.