Active Network raises $65M for sports community site

September 10, 2007 | Matt Marshall

The Active Network, a San Diego, Calif. sports community site, has raised $65 million in a fifth round of financing, according to PE Hub.

Canaan Partners led the deal, and was joined by fellow return backers like ESPN, ABS Ventures, North Bridge Venture Partners, Comdisco and Charles River Ventures. New investors included Performance Equity and Tao Venture Partners.

Active, San Diego-based online community and provider of application technology for active lifestyle/sports groups, once filed to go public in 2004, but then changed its plans. It has now raised $172 million in total VC funding.

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Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.