Los Angeles-based sports media company The Action Network has concluded with $17.5 million in Series B financing round.

U.S. Fertitta Capital spearheaded the round. Other backers including media holding company The Chernin Group and others participated in the round.

With the net capital raised, The Action Network will extend its position as the sports betting media company.

In conjunction with the round, Fertitta Capital will join The Action Network’s board of directors.