Bleacher Report Scores $10.5M

San Francisco-based Bleacher Report, which publishes and syndicates fan-generated sports news online, said yesterday that it has completed a $10.5 million Series C financing round. Crosslink Capital led the round. Bleacher Report previously raised $7.3 million, in a June 2009 round led by Hillsven Capital. The site claims to be the Web’s fifth largest sports media destination, with more than 16 million monthly unique visitors.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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