Wave.tv Secures $32 Million to License, Acquire Sports Media Brands

Funds will also fuel growth across social platforms like TikTok

The digital sports media company has prospered despite the pandemic. Wave.tv

With most live sports on hold for the past several months, sports media publishers have had to stretch their imaginations to find interesting stories to show and tell. Wave.tv, a digital media company built around working with license holders to repackage archival sports, hopes to invest more in that strategy—and it’s doing it with a $32 million Series A funding round.

@SaraJerde sara.jerde@adweek.com Sara Jerde is publishing editor at Adweek, where she covers traditional and digital publishers’ business models. She also oversees political coverage ahead of the 2020 election.