Relay Ventures to invest in theScore's $8.5 mln private offering
Toronto-based digital sports platform theScore Inc (TSX-V: SCR) has launched a private placement offering intended to generate $8.5 million in proceeds. Relay Ventures, a Canadian mobile venture capital firm that has backed theScore since 2013, will invest in the offering. The family of John Levy, the company's founder and CEO, will also invest. The proceeds will be used to "capitalize on the introduction of legalized sports betting in the United States," Levy said. Formerly part of Score Media Inc, theScore's flagship mobile sports news and data app, theScore, serves millions of fans on a monthly basis.
30 October 2018•3 mins read
