theScore nets $16 million in funding as it expands its sports app empire

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theScore, Inc. has secured $16 million in private funding from investors Relay Ventures, Levfam Holdings and Rogers Media. The latter two are existing shareholders but Relay, which is based in both Toronto and Silicon Valley, has purchased 18.4% of the outstanding Class A shares.

The company’s CEO, John Levy, said in a statement today, “This financing allows us to ramp-up the development of some exciting new features for our mobile sports platforms, providing sports fans with an even more immersive experience while accelerating user growth across the United States.”

theScore’s broadcasting outfit, Score Media, was recently sold to Rogers for $167 million, and the incumbent carrier retained a 10% interest in theScore Digital, which now represents the entire publicly-traded company.

With apps available on iOS, Android and BlackBerry 10, theScore has grown to be one of the most popular sports apps in the world, boasting 4.2 million monthly users in January 2013.

Via: PRNewswire