Corrected: High School Sports Network Takkle Raises $7 Million In Second Funding
By Joseph Weisenthal - Mon 12 Nov 2007 03:20 PM PST
Ed. Note: This replaces an inaccurate post originally published Nov. 12 and contains updated information. We regret the error.
High school sports social net Takkle said it raised $7 million in a round we previously reported this summer sans amount. The round was led by Sports Illustrated and the New York City Investment Fund with participation from previous investors WMG Investments, Greycroft Partners, IJ Smith Enterprises and Jack Schneider of investment bank Allen & Co. Coupled with its first round last November, which we have been told by a source familiar with the situation was worth $5 million, the New York-based company has raised $12 million.
There’s been a spate of activity in the high school sports space lately, including the acquisition of BeRecruited by RVS Ventures and Gannett’s (NYSE: GCI) purchase of HighSchoolSports.net.
Disclaimer: Greycroft is also an investor in our parent company ContentNext Media.
Posted in: Social Media, VC+M&A
Tags: ij smith enterprises, jack schneider, new york city investment fund, sports illustrated, wmg investments, greycroft partners, takkle,
