WarnerMedia-Backed Video-Tech Vendor You.i TV Raises $23 Million Led by Causeway Media Partners

VARIETY--You.i TV, a vendor of software for building cross-platform user interfaces for video apps, has closed $23 million in growth capital led by Causeway Media Partners, an investment fund focused on sports media and tech. The 10-year-old Canadian company will use the funding to growth You.i TV’s global footprint — particularly in Latin American and Europe — as well as build out its developer community and invest in new ad-tech solutions, said co-founder and CEO Jason Flick.

“We’ll be able to get to market faster with this funding,” Flick said. The company sees a growing opportunity to enable the efficient delivery of UI experiences for internet video services, and thereby boost profitability. “For the last 10 years, it’s been about the back end – cloud infrastructure, encoding/decoding. Now the client side is the problem,” said Flick.

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'Pokemon Go' Creator Niantic Scores $4B Valuation On $245M Series C Round

FORBES—Niantic Labs, the augmented-reality game company that made Pokemon Go really go and soon will work its magic on Harry Potter, scored $245 million in a Series C fundraising round, giving the Google spinoff a valuation of nearly $4 billion, Niantic said in a release.

The round was led by IVP, with other funding participants including Samsung Ventures, CRV, Causeway Media Partners, aXiomatic Gaming, and Battery Ventures.

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Zwift, which turns indoor cycling workouts into multiplayer games, raises $120M

TECH CRUNCH—Fitness and gaming have been two of the most popular categories of apps for years, and now a startup founded out of London that has combined the two in a unique way has picked up a big round of funding to capitalise on that. Zwift, an interactive platform for people to turn indoor cycling workouts into massive, multi-participant races, social rides, and immersive explorations of new domains, has raised $120 million — money that its co-founder and CEO, Eric Min, said will be used to expand to more training categories (its first steps outside of cycling have been into running), and to add esports tournaments.

The funding — led by Highland Europe, with Europe’s True (not to be confused with True Ventures), Causeway Media and Novator participating — comes on the heels of very rapid growth for Zwift .

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Peerfit closes $8M Funding Round, Adds Second Professional Sports Team Owner to the Board

PR NEWSWIRE--Peerfit, the market leader in connecting employers and carriers with flexible fitness experiences, announced today the closing of an $8 million funding round. Veteran Peerfit investors Ark Applications and PAR, Inc led the round. 

This round includes not only a new investor, but another professional sports team owner to their group of investors. Wyc Grousbeck, the Boston Celtics' owner, and his investment group, Causeway Media Partners, joined as a majority investor in the round. Grousbeck, whose investment firm focuses on sports technology companies, is making the jump into the wellness space with Peerfit. 

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D.C. United cuts the cord and will show most games via a pay streaming service

WASHINGTON POST—Soccer fans wanting to watch D.C. United this season will not find matches on WJLA 24/7 News, where they were shown for three years. The games won’t appear on NBC Sports Washington — the team’s platform for much of its first 20 seasons — or Mid-Atlantic Sports Network. In fact, except for select nationally televised matches, viewers will not find Wayne Rooney and United on any standard cable or satellite channels.

That’s because, like millions of Americans, United is cutting the cord and enlisting a pay streaming service for video needs. The MLS franchise said it has signed a multiyear contract with subscription-based FloSports to carry 21 of 34 regular season matches. The remainder will appear on the league’s national TV platforms (Fox Sports, ESPN or UniMas).

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