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PTO raises $30m in Series B funding with Warner Bros. Discovery among investors

Irving, Texas, USA on the 17th September 2022, during Womens Pro Race at the PTO US Open Dallas at the Levy Event Plaza Irving Texas.

The Professional Triathletes Organisation has today (Friday) announced the completion of a Series B funding round led by private equity firm Divergent Investments, with Warner Bros. Discovery also among the backers.

SportBusiness understands that the funding round is worth around the $30m (€28.2m) mark and also includes backing from majority investor Sir Michael Moritz, who was the sole investor in PTO’s Series A round worth $12.5m.

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