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Summary:

Sports blogs and community site SBNation, founded by former AOLer Jim Bankoff, has raised about $8 million in its second round of funding, a…

SBNation

Sports blogs and community site SBNation, founded by former AOLer Jim Bankoff, has raised about $8 million in its second round of funding, according to an SEC filing that just came out (embedded below). Not yet known: who they raised it from, but we’ll add it when we get the info from the company. Update: We have found out from a source that the round was led by *Comcast* Interactive Capital, the venture arm of Comcast (NSDQ: CMCSA), and previous investors Accel, Allen & Co and Ted Leonsis re-upped. The valuation for this round was a little under $30 mil, according to our source. Also, the filing has a $500K figure to buy back some stock: the money was used to buy out some angel investors, the source says.

Previously the company had raised a $5 million round last year, from Accel Partners Allen & Co., Ted Leonsis, Dan Rosensweig, Jeff Weiner, football-player-turned-PE manager Brent Jones, and execs from Providence Equity Partners, where Bankoff was previously an adviser.

Launched in 2003 by DailyKos founder Markos Moulitsas (who is on the board), Washington DC-based SB Nation is made up of over 200 sites around regional sports teams like BehindtheSteelCurtain, for the Pittsburgh Steelers, and AthleticsNation, for the Oakland A’s. Earlier this year it did a deal with *Yahoo* Sports in which SBN community sites are featured in relevant areas of the Yahoo (NSDQ: YHOO) site.

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  1. This is good for SB Nation a good example of a Blog Network that is doing well. They recently left Federated Media and moved to Glam Media's Men Brash.com Network.

    If Glam can pull together enough small Sports publishers and blogs like SB Nation, ESPN would get some serious competition. It looks like Sports may be one of the next Verticals in growth to watch.

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