About The Athletic
The Athletic is a company based in Chicago (United States) founded in 2016 was acquired by The New York Times Company in January 2022.. The Athletic has raised $134.42 million across 7 funding rounds from investors including The New York Times Company, TCG Ventures and Evolution Media Capital. The Athletic offers products and services including Sports News Platform, Podcasts, and Transfer News Service. The Athletic operates in a competitive market with competitors including Hupu, MinuteMedia, Bleacher Report, Better Collective and Barstool Sports, among others.
- Headquarter Chicago, United States
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Athletic Media Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$134.42 M (USD)
in 7 rounds
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Latest Funding Round
$50 M (USD), Series D
Jan 21, 2020
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Investors
The New York Times Company
& 18 more
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Employee Count
Employee Count
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Acquired by
The New York Times Company
(Jan 06, 2022)
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Products & Services of The Athletic
The Athletic offers a comprehensive portfolio of products and services, including Sports News Platform, Podcasts, and Transfer News Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers in-depth articles and analysis on sports events
Provides expert discussions and updates on leagues
Delivers insights into player transfers and team news
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Software Development Team
94 people
Leadership Team
74 people
Product Management Team
58 people
Sales and Marketing
39 people
Senior Team
30 people
Finance and Accounting
20 people
Human Resources and Administration
18 people
Creative and Marketing Team
16 people
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Funding Insights of The Athletic
The Athletic has successfully raised a total of $134.42M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $50 million completed in January 2020. 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 7
- Last Round Series D — $50.0M
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First Round
First Round
(23 Aug 2016)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series D - The Athletic | Valuation | Bedrock | |
| May, 2019 | Amount | Series C - The Athletic | Valuation | Founders Fund |
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| Oct, 2018 | Amount | Series C - The Athletic | Valuation | Founders Fund , Bedrock |
| 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 The Athletic
The Athletic has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include The New York Times Company, TCG Ventures and Evolution Media Capital. 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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Early-stage investments are made by Bedrock in technology sectors.
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Founded Year | Domain | Location | |
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Media and tech sectors are invested in by Powerhouse Capital.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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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 The Athletic
| 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 - The Athletic
| 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 |
The Athletic Comparisons
Competitors of The Athletic
The Athletic 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 Hupu, MinuteMedia, 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 |
Sports commentary and news are provided through Hupu's platform.
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| domain | founded_year | HQ Location |
Provider of digital content and advertising solutions for publishers and advertisers
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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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| 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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Latest news on The Athletic
Frequently Asked Questions about The Athletic
When was The Athletic founded?
The Athletic was founded in 2016.
Where is The Athletic located?
The Athletic is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is The Athletic a funded company?
The Athletic is a funded company, having raised a total of $134.42M across 7 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Aug 23, 2016.
What does The Athletic do?
The Athletic was founded in 2016 as an online sports media company based in Chicago, United States. Operations center on subscription services that provide local-focused journalism for markets including Chicago and the San Francisco Bay Area. Insider access and analytics are utilized to deliver content to premium fans. Backing is provided by Precursor Ventures and Y Combinator.
Who are the top competitors of The Athletic?
The Athletic's top competitors include Hupu, Bleacher Report and Barstool Sports.
What products or services does The Athletic offer?
The Athletic offers Sports News Platform, Podcasts, and Transfer News Service.
Who are The Athletic's investors?
The Athletic has 19 investors. Key investors include The New York Times Company, TCG Ventures, Evolution Media Capital, Bedrock Investments, and Evolution Media.
What is The Athletic's valuation?
The valuation of The Athletic is $500M as of Jan 2020.
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