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Beats co-founder invests in Professional Fighters League

US mixed martial arts promotion the Professional Fighters League (PFL) has secured $30m (€26.8m) in fresh funding from a group of investors that includes Jimmy Iovine, the billionaire co-founder of consumer electronics company Beats.

The Bloomberg news agency said Iovine is joined in the Series C round by Ted Segal, whose family founded LS Power, an investment, development and operating company focused on the energy sector. Also involved are Mark Leschly, managing partner at Iconica Ventures; SWaN Ventures; and Elysian Park Ventures.

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