LeagueApps, a NYC-based provider of a youth sports management platform, received an equity investment from Accel-KKR.
In conjunction with the investment, Arctos Partners, a private investment firm with a platform dedicated to the sports industry, will also make a minority investment.
The amount of the deal was not disclosed.
The company intends to use the funds to advance its role in providing youth and local sports organizers with the tools, partnerships, and community they need to succeed on and off the field, helping them manage and grow their clubs, tournaments, leagues, camps, and facilities.
Co-founded by President Jeremy Goldberg and CEO Brian Litvack, LeagueApps is a provider of a youth sports management platform. Empowering organizations from teams, clubs, and camps to professional leagues, it aims to bring the benefits of sport to kids everywhere. Through its software and NextUp platform, which provides organizers with opportunities for leadership development and networking, the company supports and strengthens the youth sports industry. It also runs FundPlay, a philanthropic program focused on sports-based youth development programs in underserved communities, and is a founding member of the PLAY Sports Coalition.
Existing investors Contour Venture Partners, funds managed by Hamilton Lane and a range of sports and business leaders will continue their involvement with LeagueApps in support of its mission to deliver amazing sports experiences. These investors include Julie Foudy (Broadcaster, Olympic Gold Medalist, USWNT World Cup Champion), Shane Battier (NBA Champion, NCAA Champion), Swin Cash (New Orleans Pelicans SVP of Basketball Operations & Team Development, NCAA Champion, WNBA Champion, Olympic Gold Medalist), Dhani Jones (11-yr NFL veteran, NCAA Champion), and Derrick Dockery (10-yr NFL veteran).
FinSMEs
14/10/2024