Sports blogging network SB Nation raised $5 million in financing from Accel Partners and Allen & Co., according to VentureWire. The company wouldn’t confirm the news. CEO Jim Bankoff, former content head of AOL (NYSE: TWX), discussed the funding at our EconSports conference in October, but didn’t disclose the amount. Other industry heavyhitters who have invested in SB: 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, SB Nation is made up of over 150 sites around regional sports teams like BehindtheSteelCurtain, for the Pittsburgh Steelers, and AthleticsNation, for the Oakland A’s. The company also operates under the name SportsBlogs Inc.