FloSports nets $47 million, plus more top funding news for Austin-based companies

FloSports nets $47 million, plus more top funding news for Austin-based companiesPhoto: FloSports/Facebook 
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Published on June 07, 2019

Austin-based sports company FloSports has secured $47 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 3 and led by Discovery.

According to its Crunchbase profile, "FloSports is an innovative sports media and events company based in Austin, Texas, is the authentic source for content and a new world of coverage that true fans have been waiting for. Focused on three areas – live competition and coverage, original content, and owned and operated events – the company takes fragmented communities and provides them the platform to connect with the sports they love."

The 13-year-old company has raised three previous funding rounds, including a $21 million Series B round in 2016.

The round brings total funding raised by Austin companies in design over the past 90 days to $49 million, and increase of $48 million from the previous three-month period. The local design industry has produced four funding rounds over the past year, raking in a total of $49 million in venture funding.

In other local funding news, customer service company Agara Labs announced a $2.5 million seed funding round on May 31.

According to Crunchbase, "Deep learning powered predictive customer support solution"

The company also raised a $500,000 seed round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.