About 247Sports
247Sports is a company based in Brentwood (United States) founded in 2010 was acquired by CBS Sports in December 2015.. 247Sports has raised $9 million across 2 funding rounds from investors including CBS Sports. 247Sports operates in a competitive market with competitors including The Athletic, Hupu, Bleacher Report, Better Collective and Barstool Sports, among others.
- Headquarter Brentwood, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 2 rounds
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Latest Funding Round
$250 K (USD), Series A
Apr 20, 2015
- Investors
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Employee Count
Employee Count
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Acquired by
CBS Sports
(Dec 16, 2015)
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Funding Insights of 247Sports
247Sports has successfully raised a total of $9M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $250 thousand completed in April 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $250,000
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First Round
First Round
(04 Jan 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Series A - 247Sports | Valuation |
investors |
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| Jan, 2013 | Amount | Series A - 247Sports | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 247Sports
247Sports has secured backing from 1 investor. Prominent investors backing the company include CBS Sports. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sports news, scores, and fantasy games are provided by CBS Sports.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 247Sports
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 247Sports
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
247Sports Comparisons
Competitors of 247Sports
247Sports operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Athletic, Hupu, Bleacher Report, Better Collective and Barstool Sports, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription-based sports media is delivered to local premium audiences.
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| domain | founded_year | HQ Location |
Sports commentary and news are provided through Hupu's platform.
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| domain | founded_year | HQ Location |
Crowdsourced sports scores, news, and content are provided to users.
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| domain | founded_year | HQ Location |
Provider of a betting platform for multiple sports
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| domain | founded_year | HQ Location |
Sports and men's lifestyle online magazine
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| domain | founded_year | HQ Location |
Sports content is produced and shared across multiple digital platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 247Sports
When was 247Sports founded?
247Sports was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is 247Sports located?
247Sports is headquartered in Brentwood, United States.
Is 247Sports a funded company?
247Sports is a funded company, having raised a total of $9M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8.75M, raised on Jan 04, 2013.
What does 247Sports do?
247Sports was founded in 2010 in Brentwood, United States, as an online platform in the sports media sector. Content on basketball and football, including news, scores, schedules, odds, polls, and recruiting information, is delivered through the website. Ticketing and shopping options are also facilitated. Acquisition by CBS Sports took place on December 17, 2015.
Who are the top competitors of 247Sports?
247Sports's top competitors include The Athletic, Hupu and Sportskeeda.
Who are 247Sports's investors?
247Sports has 1 investor. Key investors include CBS Sports.
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