AllCity Network, an emerging digital sports media and lifestyle brand, has completed a $12M Series B round to fuel expansion into the Dallas market.
AllCity Network specializes in creating hyperlocal sports content tailored to diehard fans.
The round was led by TEGNA and follows a Series A round that raised more than $9M led by individual investors in sports including retired NBA athletes Andre Iguodala and Chauncey Billups.
AllCity has said that all four of its current outlets in Denver, Phoenix, Philadelphia, and Chicago are cash flow positive or on their way.
Sports media personality Joe Pompliano reported the new outlet in Dallas will launch with eight pre-sold advertising partners and will be highlighted by longtime NBA insider Marc Stein.
Pompliano added that AllCity also recently signed a “multimillion-dollar” deal with Bet365 that will make the UK-based betting operator the exclusive sports betting partner of AllCity.
With this new round of funding, AllCity plans to expand into additional major sports markets over time as well.
