What is Fancred?
Founded in 2012, Fancred is a sports technology company dedicated to uniting sports fans through an innovative platform for consuming sports information and interacting with fellow enthusiasts and community members. Accessible via its iOS app, Fancred was recognized for its potential early on, being selected as one of 14 companies for the 2013 Spring class at TechStars Boston. The company has also garnered attention from the Boston Business Journal, which identified it as one of five startups to watch. Fancred's mission is to create a more connected and engaging experience for the global sports fan community.
How much funding has Fancred raised?
Fancred has raised a total of $5.1M across 4 funding rounds:
Debt
$500K
Angel/Seed
$118K
Angel/Seed
$1.5M
Private Equity
$3M
Debt (2012): $500K, investors not publicly disclosed
Angel/Seed (2013): $118K led by Techstars
Angel/Seed (2013): $1.5M supported by Star Power Partners and Atlas Ventures
Private Equity (2014): $3M featuring Militello Capital, Breakaway Innovation Group., and Atlas Venture
Key Investors in Fancred
Star Power Partners
Avalon Ventures is a venture capital firm with over 30 years of experience focusing on seed and early-stage companies, particularly in the life sciences and information technology sectors. The firm is driven by a team of former entrepreneurs who are passionate about supporting disruptive ideas in dynamic market environments.
Atlas Ventures
Atlas Venture is a pioneering early-stage venture capital firm focused on creating and building breakthrough biotechnology companies that translate cutting-edge science into life-changing medicines. The firm partners with exceptional life science entrepreneurs to support the launch and growth of innovative biotech startups.
Militello Capital
Militello Capital is a team of veteran entrepreneurs focused on investing in commercial real estate through joint ventures with successful private equity and real estate operators. They carefully evaluate and purchase lower risk properties that generate immediate income and potential for value increase.
What's next for Fancred?
With substantial enterprise-level backing and a recent strategic investment, Fancred is poised for significant expansion and product development. The company's focus on enhancing sports fan interaction and information delivery suggests a strategic push towards scaling its user base and potentially exploring new monetization avenues. Future initiatives are likely to involve further technological advancements to its platform and broader market penetration, solidifying its position in the competitive sports tech landscape. The consistent flow of capital indicates strong investor confidence in Fancred's long-term vision and market potential.
See full Fancred company page
