Scout Media, the online sports network and magazine publisher, has raised $6 million in second round of funding. The fuding came from Kosar Investments, NLM Capital and Ahab Capital.
Scout Media founder and CEO Jim Heckman Jr co-founded Seattle-based Scout in 2001 shortly after his previous company (where he was the CEO), the high-flying Rivals.com, was sold in a liquidation sale to a group from Brentwood, Tenn.
Scout.com, which provides recruiting news, injury reports and player statistics for about 200 sports teams, recorded 1.4 million visitors in May. That made the network the 15th-most-popular online sports site in the country, three slots higher than Rivals.com and just below USA Today, according to comScore Media Metrix. The story linked above has the fascinating story of the rivalry between Scout and Rivals.com…
Heckman expects the cash-flow-positive company to top $17 million in revenue this year.
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