Investment to Fuel Growth Through Strategic Content Acquisitions, Product Innovation, and Enhanced Delivery of Premium Sports Viewing Experience to Customers
AUSTIN, TX – (April 1, 2025) – FloSports, a global sports media company focused on passionate, underserved sports communities, today announces the successful closing of its Series D funding round, led by Dream Sports, a leading sports technology company based in India. Dream Sports joins existing investors Causeway Media Partners LP, Warner Bros. Discovery Inc., DCM Ventures, Bertelsmann Digital Media Investments, and Fertitta Capital. This round brings total funding raised by FloSports to more than $100 million to date. The announcement was made today by FloSports Co-Founder and CEO, Mark Floreani.
“Dream is the perfect partner for FloSports. Much like us, they are passionately focused on their customers and creating a better product for sports fans. This investment and their expertise will accelerate our ability to deliver on our mission of growing our sports every day,” said Floreani. “Over the past two years we have doubled our revenue and achieved sustained profitability. With Dream Sports as a strategic partner, we are well-positioned to build on this performance and elevate the customer experience for our sports.”
The investment will be used to fuel FloSports’ growth through content acquisitions that will expand the company’s sports portfolio. It will also be allocated toward efforts that elevate the customers’ product experience, scale production and streaming capabilities, and increase the company’s distribution efforts to reach wider audiences.
With more than 400 rights partners representing over 25 sports from across the globe, FloSports has become the essential destination for fans seeking a full suite of coverage for many sports that they can’t find anywhere else. It produces a full range of live and on-demand events, editorial and social content, along with long and short-form originals that give fans new perspectives and deeper connections to the sports and athletes they love.
The investment follows the most successful year in FloSports history with 40,000 live events streamed, reaching more than 23 million viewers and a 24% increase in engagements on social media, driving record revenue in 2024.
Dream Sports is the owner of the largest fantasy sports platform in the world and the parent of FanCode, a premier sports content and commerce platform. It will draw on its extensive expertise in fan engagement, data-driven insights, and digital innovation to provide FloSports invaluable guidance in these areas.
Harsh Jain, Co-Founder & CEO, Dream Sports added, “FloSports has built an incredible business and we are excited to support their mission to revolutionize sports streaming. We look forward to helping the fantastic team at the company build one of the world’s best sports media platforms.”
LionTree Advisors acted as the exclusive financial advisor to FloSports for this transaction.
KPMG acted as the exclusive financial advisor; and Latham & Watkins acted as the exclusive legal advisor to Dream Sports.
About FloSports
Founded in 2006, FloSports is a global sports media company delivering live and on-demand event coverage, award-winning original content, always-on social experiences, and comprehensive sports data solutions to passionate and under-serviced sports fans. Its portfolio covers more than 25 different sports categories and includes the top destinations for avid fans seeking unmatched coverage for the sports they love: motorsports (FloRacing), hockey (FloHockey), wrestling (FloWrestling), Jiu-Jitsu (FloGrappling), Track & Field (FloTrack and MileSplit), cheer (FloCheer and Varsity), a variety of NCAA sports (FloCollege), and more. Strategic partnerships with NASCAR, USA Wrestling, High Limit Racing, Varsity Spirit, the American Hockey League (AHL), Wanda Diamond League, Tour de France, 12 NCAA Conferences, and others, fuel more than 40,000 live events streamed annually across the globe and accessed via monthly or annual subscriptions. For more information, please visit: flosports.tv.
About Dream Sports
Dream Sports is India’s leading sports technology company with 250 million users, housing brands such as Dream11, the world’s largest fantasy sports platform, FanCode, India’s digital sports destination, and DreamSetGo, a sports experiences platform. Dream Sports is based in Mumbai and has a workforce of close to 1,000 ‘Sportans’. Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports’ vision is to ‘Make Sports Better’ for fans through the confluence of sports and technology.For more information: https://dreamsports.group/