Relay Ventures invests in theScore's $26.5 mln bought deal financing
Toronto-based mobile sports app provider theScore Inc (TSX-V: SCR) has completed its previously announced bought deal offering, raising total gross proceeds of over $26.5 million. Canadian venture capital firm Relay Ventures, which has backed theScore since its spin out from Score Media Inc in 2013, invested in the offering. John Levy Family Holdings Ltd also invested. Proceeds of the offering will be used by the company to develop its technology platform, expand sales and marketing efforts, and for general corporate and working capital purposes.
5 March 2015•3 mins read
