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User-Generated Sports Site Bleacher Report Raises $10.5 Million

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Fast-growing sports site Bleacher Report has raised $10.5 million in a round of funding led by new investor Crosslink Capital. The company says its flagship site now gets more than 16 million unique monthly visitors a month, making it the web’s fifth most popular sports destination. It also syndicates content to partners including and several Heast-owned newspapers.

Anybody can apply to contribute to the Bleacher Report, although writers are vetted by the site’s editorial team before they are allowed to post content. Contributors don’t get paid but are promised “a great deal of exposure.”

The company had previously raised a round two years ago led by Hilsven Ventures. PEHub puts Bleacher Report’s total backing to date at $17.8 million.

As part of this funding round, Crosslink Capital partner Eric Chin is joining Bleacher Report’s board. Patrick Keane, the former Associated Content CEO, also joined the company’s board last month. The company is led by former Fox Sports Interactive executive Brian Grey, who was hired as CEO in June.