Le Lézard
Classified in: Science and technology, Business, Sports and recreation
Subject: FNC

FanUp Hits Walk-Off Game Winner as Alumni Ventures Group Joins Team of Sports/Esports Seed Investors


PHILADELPHIA, Oct. 14, 2020 /PRNewswire/ -- Every great sports dynasty has the right leadership, talent, and blend of seasoned vets and up-and-coming stars. Jordan and Pippen had Phil Jackson. Duncan, Parker, and Manu had Popovich. Now, FanUp has Alumni Ventures Group (AVG) and its Nassau Street Ventures fund - the third most active ventures group according to PitchBook with over 550,000 members and 551 portfolio companies. FanUp announced this week that AVG has joined its squad of seed investors.

With FanUp, users squad up to create a Super Bowl euphoria every time they use the app. Fan-generated content and social experiences are integral to FanUp's core offering. One of the most anticipated features is Pick of the Day, which allows users to post a video making a case for why their parlay prop picks should be selected for that recognition. Users will even be able to challenge influencers and compete for the Most Valuable Fan title. FanUp is laser-focused on establishing a winning culture where fans, brands, and influencers make sports and esports gaming more accessible, easy, and fun for everyone.

AVG is the latest in a line of big names in the innovation sector to join FanUp's investors in its seed round. Fans, brands, and influencers across the U.S. and India - the two biggest gaming markets - are buzzing in anticipation of FanUp's stellar UI, engaging content, game-changing contests, and social fan experiences. Other investment partners include Ozone Ventures (O3 World), Value Asset Management, Ryan Moore (Co-founder, Accomplice; Board, DraftKings), and Clinton Sparks (Influencer and Chief Business Officer, XSET).

"We're excited to welcome FanUp as one of our first sports and esports portfolio companies. The product is a game-changer, and we're thoroughly impressed by the founding team and the array of strategic partners they've surrounded themselves with to accelerate market access," said Tom Meyer, Managing Partner, Nassau Street Ventures at AVG.

"AVG brings a breadth of hands-on knowledge, experience, and leadership, which are key to helping us scale and build a formidable company over the next few years. Tom and the AVG/NSV team have a preeminent network of global connections to drive our goals to fruition. We look forward to growing with the AVG/NSV family," said Tej Bodiwala, Co-founder and CEO, FanUp.

About FanUp

FanUp is the most interactive sports and esports gaming app (iOS), letting friends and fans compete for cash and the coolest brand prizes. For more information, go to www.fanup.app.

About Alumni Ventures Group / Nassau Street Ventures

AVG helps accredited alums from top entrepreneurial schools invest together in the ventures of fellow alums. For more information, go to www.avgfunds.com/nassaustreet-ventures/.

Media Contact: Kaya Brooks, info@fanup.app

Related Images

avg-joins-fanups-seed-round.png
AVG Joins FanUp's Seed Round

Related Links

FanUp

Twitter

 

SOURCE FanUp, Inc.


These press releases may also interest you

at 19:06
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") announced today the estimated non-cash distributions (the "Non-Cash Distributions") to holders of certain of the exchange traded funds (the "ETFs") it manages for the 2020 tax year as indicated...

at 18:50
On December 4, 2020, BDC Capital Inc. ("BDC Capital"), a wholly-owned subsidiary of the Business Development Bank of Canada ("BDC"), sold 3,700,000 common shares in the capital of H2O Innovation Inc. (the "Corporation") at a price of $1.78 per share...

at 18:50
TSX VENTURE COMPANIES FABLED SILVER GOLD CORP. ("FCO")[formerly Fabled Copper Corp. ("FCO")]BULLETIN TYPE:  Resume Trading, Property-Asset or Share Purchase Agreement, Private Placement-Brokered, Name ChangeBULLETIN DATE:  December 4, 2020TSX Venture...

at 18:44
CIBC today announced that it is now accepting applications under the expanded Canada Emergency Business Account (CEBA) program. Eligible businesses facing financial hardship as a result of COVID-19 that previously applied and received a $40,000 CEBA...

at 18:30
Lundin Mining Corporation ("Lundin Mining" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Lundin Mining's intention to renew its normal course issuer bid (the "NCIB"). The Company intends to...

at 18:26
Kinder Institute of Life Planning announced over 500 advisors globally have earned the prestigious Registered Life Planner® (RLP®) designation. Known as the human side of financial planning, the visionary concept of Life Planning seeks to discover...



News published on 14 october 2020 at 09:00 and distributed by: