# Action Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/action-network

- Industry: Internet
- Headquarters: Los Angeles, US
- Website: www.actionnetwork.com
- Total disclosed funding: $18M
- Latest round: Series B (Feb 21, 2019)
- Investors on record: 4

## About

Based in California, the US and founded in 2017, Action Network, Inc. operating as The Action Network is a sports media company that provides in-depth betting content, tools, and analytics for sports fans. Brian Mead is the co-founder cum head of product and engineering and Patrick Keane is the current Chief Executive Officer of the company. The company has approximately 100 employees as of 2021.

In 2019, the company raised USD 17.50 million in series B funding led by new investor Fertitta Capital, with participation from other new investors Bitkraft Ventures, and Chicago Cubs. In May 2021, the company was acquired by Better Collective for USD 240 million.

The company's website and industry-leading app offer professional storytelling and analysis, real-time odds, in-depth information on betting markets, customized alerts for consumers, and the opportunity to track bets. The company’s platform provides original news, premium insights, betting tools, data, and odds.

The company generated about USD 15 million in revenue in 2020, primarily through subscriptions and affiliate revenue.
 
The Action Network plans to deepen and expand its commercial partnerships with large US-based sportsbooks such as BetMGM, DraftKings, FanDuel, and PointsBet.

## Funding rounds

- Series B, Feb 21, 2019, $18M — Chicago Cubs, TCG, BITKRAFT Ventures, Fertitta Capital

## Investors

- Chicago Cubs — Series B
- TCG (https://capitalatlas.ai/funds/tcg) — Series B
- BITKRAFT Ventures (https://capitalatlas.ai/funds/bitkraft-ventures) — Series B
- Fertitta Capital — Series B