23 Sep Fanbase Secures Six-Figure Investment from Techstars, Joins 2024 Sports Accelerator to Power Global Expansion
• Alasdair Crawley, CEO and Co-founder of Fanbase: “Our vision is for Fanbase to unlock a huge amount of revenue for sports teams by making it easier to buy and engage with sports organisations outside of the top tier”
• Fanbase is a sports fan OS that gives sports teams and colleges at all levels a platform to sell tickets, VIP and subscriptions all from one centralised portal which can be live in a matter of hours with no upfront or set-up costs.
• Currently they have over 250 active sports teams and colleges on the platform – covering Basketball, Football, Ice Hockey, Rugby, Netball and more.
EDINBURGH, Scotland, 16 September 2024 – Edinburgh-based sports fan operating system has raised a 6-figure investment with globally renowned US accelerator and pre-seed investment firm Techstars and selected as one of 10 companies globally to participate in the 2024 techstars sports accelerator powered by Indy.
Alasdair Crawley, CEO and Co-founder of Fanbase, said: “Being selected for Techstars Sports Accelerator signals a giant leap forward and continues our upward momentum at Fanbase which has accelerated dramatically in the last 9 months. But first and foremost we’re focused on putting the capital investment to the best possible use and maximising the collaboration opportunities through Andrew, Jordan and the entire Techstars organisation.
As well as raising investment, Fanbase will gain access to a 13-week mentorship-driven accelerator program in Indianapolis that connects Fanbase with a vast network of nearly 250 mentors from the sports industry, including venture-backed founders, celebrity athletes, angel investors, C-level executives from professional teams and more.
To date, Techstars have invested across nearly every tech-related sector, supporting hugely successful companies like Sendgrid and our friends at Edinburgh-based Player Data with 121 companies reaching a market capitalisation of over $100 million, and an incredible $27.9 billion raised by Techstars accelerator companies over the years.
CEO Crawley added: “We are giving sports organisations at all levels the opportunity to launch a team branded, mobile optimised, sports focussed operating system in minutes, offering fans access to best-in-class digital ticketing, subscriptions and content at their fingertips whilst 3x conversion rate and automating staff tasks.
“Clubs using Fanbase can then use our data layer to easily track fan data and identify audiences before communicating directly with their fans from the platform via integrated push notifications.”
Currently over 250 clubs are signed up to the Fanbase platform, covering a vast number of sports including Football, Basketball, Ice Hockey and when it comes to ticket sales the Edinburgh-based startup have recently reached the 1 million mark across the UK and United States.
Learn more about Techstars and Fanbase through the links below:
fanbaseclub.com | techstars.com
