What is Fancred?
Founded in 2012, Fancred aims to unite sports fans globally by offering a novel platform for consuming sports information and fostering interaction among fans and community members. The service is accessible via the Fancred iOS app. Fancred was recognized as part of the 2013 Spring class at TechStars Boston and has been highlighted by the Boston Business Journal as a startup to watch. The company operates within the burgeoning sports tech and fan engagement sector, leveraging social interaction to enhance the sports consumption experience.
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 Breakaway Innovation Group., Atlas Venture, and Militello Capital
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.
Breakaway Innovation Group.
Breakaway Solutions Inc is a company that operates in the Venture Capital & Private Equity industry. It employs 20to49 people and has 10Mto25M of revenue. The company is headquartered in Boston, Massachusetts.
What's next for Fancred?
With the recent major strategic investment, Fancred is poised to accelerate its development and market penetration. This enterprise-level backing suggests a focus on scaling operations, enhancing its platform features, and potentially expanding its reach to new markets or demographics. The company's trajectory indicates a strategic move towards solidifying its position as a key player in the digital sports fan ecosystem, likely involving further technological innovation and community-building initiatives.
See full Fancred company page
