San Diego - The Active Network, a provider of online communities focused on sports and promoting healthy lifestyles, has raised an $80 million, sixth round of venture capital led by Disney’s (NYSE: DIS) ESPN, PEHub.com reported, citing a regulatory filing.
Previous investors Canaan Partners, North Bridge Venture Partners and Performance Equity Partners also participated.
Founded in 1999, San Diego-based Active Network operates a network of online communities centered on sports and health, and also provides technology and marketing services to various organizations.
The company has now raised a total of over $275 million in venture capital; it was scheduled for an IPO in 2004, but withdrew the plan in the face of unfavorable market conditions.
The Active Network has also acquired some 11 companies in recent years, and said it will put the new funds towards further acquisitions, in addition to infrastructure.
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