alone with the worldwide market being even greater, and 40% of TeamSnap's revenues already come from outside the U.S. DuPont believes that the software management piece of the market – including transaction fees from sports activities – is about $2 billion for the U.S. a year ago, are Comcast (NBC/Universal), which purchased Sport Ngin (now called NBC SportsEngine) and subsequently TeamUnify, RallyMe, Kyck and a number of others DICK'S Sporting Goods, purchased Blue Sombrero, GameChanger and Affinity Sports and combined them into DICK's Team Sports HQ and Time Inc., which purchased League Athletics, SportsSignup and iSport - together known as SI Play. TeamSnap's competitors in the youth sports industry, which was estimated to be a $9 billion market in the U.S. DuPont's dream is to achieve a goal of $100 million in annual revenue within the next few years and thinks the integration of FanAppEvents makes that possible.ĭuPont says that the inclusion of FanAppEvents will allow TeamSnap to offer additional services for club and league organizers, brings TeamSnap into a complementary market of independent tournament directors and integrates with TeamSnap's existing team web application and mobile apps to expand the utility it provides coaches, managers, players and parents. TeamSnap currently has roughly 15 million users paying subscription fees that comprise the vast majority of the company's revenue. Our last round of $25 million, led by Foundry Group in January, was significantly larger and earlier than our original plan due to unsolicited investment offers." "This investor feeding frenzy – combined with our rapid growth – actually enhanced TeamSnap's ability to raise money. " Online sports management is obviously a huge market opportunity, as evidenced by the accelerating number of strategic investments and acquisitions," says DuPont. In all, TeamSnap has raised a total $47.3 million with involvement from Fairfax Holdings, Northgate Capital and Colorado Impact Fund. available in the App store (Apple devices). For all of the latest information download the TeamSnap Tournament App. ![]() ![]() Its most recent raise was a Series C for $25 million led by Foundry Group, which has also led earlier rounds. 2023 Arrowhead Classic Rules and Procedures. ![]() While TeamSnap does not have the size of Blue Star Sports, which has allegedly been propped up by a significant equity investment from Genstar Capital in the realm of $250 million, TeamSnap has been busy raising considerable capital itself. Terms of TeamSnap's acquisition of FanAppEvents were not disclosed, but CEO Dave DuPont says that the price was "well into seven figures."
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