Deals

Active Network raises $65M for sports community site

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.