LeagueApps announced it has raised $15 million in a Series B round of funding. The round, led by Contour Venture Funds, brought the company’s total funding to $35 million.
The company’s software supports “more than 3,000 youth sports organizations in the U.S., including aspects such as registration, communication and payments.”
Major League Baseball and Elysian Park Ventures, the private investment arm of the ownership group of the Los Angeles Dodgers, also participated in the round. Other new and existing backers contributing included Olympic gold medalists Julie Foudy and Swin Cash; NFL veteran Derrick Dockery; Peter J. Holt, chairman of Spurs Sports & Entertainment; Laura Dixon, founder and president, PRO Sports Assembly; and investment management firm Hamilton Lane.
In Spring 2021, the platform crossed “the $2 billion in transactions-processed mark, doubling the $1 billion mark it reached in the summer of 2019,” according to Techcrunch. The company projects that it will process more than “4 million sports registrations in 2021.” To support the expansion, LeagueApps is projected to hire “60 percent more staff through 2022, surpassing its 150 employees.”
The company will also use the funds for technology to continue to build the platform and its new mobile app Play. The platform itself facilitates registering, organizing and communication between team members.
“Investors are a key part of our team, and we’re excited to welcome so many incredible new institutions and individuals who can help us realize not only our business goals but also partner with us in transforming an industry and the lives of millions,” said Jeremy Goldberg, president of LeagueApps.
“I have seen firsthand just how important youth sports experiences, and the organizations that provide them, are to kids, families and communities,” Contour Ventures’ Matt Gorin said. “LeagueApps is unique in so many ways, particularly regarding its unparalleled approach and commitment to combining technology, community, customer service and impact for the maturing youth sports market.”
Photo courtesy League Apps
