International Dance League raises $15M after sold out inaugural season

International Dance League has raised $15 million in Series A funding after concluding its sold-out inaugural season last month.Why it matters: Dance is a new category in sports investment, an asset class that has attracted investors looking for AI-proof growth.Catch up quick: IDL landed a media rights agreement with ESPN2 in its first season, and partnered with brands like Honda and E.l.f. Cosmetics.IDL's six founding teams competed in New York, Vancouver, Sydney and Seoul. The season ended with a weekend in Los Angeles that featured the last regular season showdown and the championship event.The league says its first season racked up 2 billion social views and 6 million livestream views.Follow the money: Elysian Park Ventures led the Series A, with participation from fellow existing investors KB Partners and APEX.New investors this round include Sony, Yamaha Music Innovation Fund and October Ventures.The company has raised $22 million to date.What they're saying: "This investment gives us the ability to continue to grow by building stronger team and dancer operations, hosting events in larger venues to meet fan demand, and ultimately creating a bigger stage for the sport," says …

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