Relay Ventures-backed theScore wraps up $17.2 mln funding deal
Mobile sports app theScore Inc (TSX-V: SCR), spun out of Score Media Inc in 2013, has closed a public share offering and private placement totaling $17.25 million. Canadian venture capital firm Relay Ventures, which contributed to last year's $16 million financing of the Toronto-based startup, participated in the deal with Levfam Holdings. Investment proceeds will be used to further develop theScore's platform, expand sales and marketing, and for general corporate and working capital purposes. Relay Ventures' managing partner John Albright was interviewed by peHUB Canada in May 2013 about theScore and Relay's other recent deals in the early-stage mobile connectivity space.
7 May 2014•4 mins read
