The Active Network, which operates a bunch of sports related Internet properties including 10-K race registration sites, has landed a whopping $80 million in Series F money in a round led by ESPN.
The investment, which was also supplied by previous investors Canaan Partners, North Bridge Venture Partners and Performance Equity Partners, brings the total raised by the ten-year-old company to more than $275 million, according to TechCrunch.
For ESPN, the investment builds upon $20 million it sunk into The Active Network two years ago. The company merged in 2001 with MyTeam.com and since then has struck a number of acquisitions, including the purchases of InfoSpherix and Hy-Tek Sports Software earlier this year. It filed to go public in 2004, but withdrew the filing four months later.
The Active Network, and its flagship site Active.com, offers software tools to help with online registration, reservations, payments and donations, as well as online communities and digital media marketing services. -- Olaf de Senerpont Domis
See December 2001 story on Active.com-MyTeam merger from TheDeal.com
For more, see TechCrunch and paidContent
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