AllCity Network raises Series B led by Tegna

AllCity Network, the operator of multi-platform local sports networks, has raised its Series B funding. The round is led by public broadcast company, Tegna. Existing investors Mosaic General Partnership and Bullpen Capital also participated in the round. The Tegna investment brings AllCity Network’s total funding beyond $25M and further accelerates the company’s position within the digital sports industry. In addition to the investment, AllCity and Tegna have entered into a commercial agreement that encompasses cross-promotional opportunities, content licensing, revenue extension opportunities and distribution via Tegna station’s linear channels and streaming apps in some of America’s most important sports markets. Additionally, talent from AllCity and Tegna’s Locked On Podcast Network will make guest appearances across each other’s shows.