LeagueApps, a platform for managing youth sports teams, announced a new funding round led by new investors Accel-KKR and Arctos Partners.
The equity investments from the two funds were not disclosed, but were described in the embargo press release as “significant.” According to data compiled by S&P Global Market Intelligence, LeagueApps has received approximately 10 million VC investments to date, including an accelerator investment from the Los Angeles Dodgers in 2015 and subsequent VC investments from Contour Venture Partners and Hamilton Lane. It has raised $35 million in funding over a year.
LeagueApps serves eight youth team sports in areas such as registration, payment processing, participant communication, and scheduling and participation management. The company says its software is used by more than 3,000 youth sports organizations, including Ripken Baseball and the Atlanta United Training Program.
Accel-KKR is an independent private company founded in 2000 with support from Accel Partners and KKR, but is no longer affiliated with KKR, according to its website. Accel-KKR has $19 billion of capital deployed across growth, buyout and credit funds in a variety of technology businesses.
Arctos’ investment is part of a sports fund that also owns minority interests in sports franchises such as the Boston Red Sox, Tampa Bay Lightning and Paris Saint-Germain, as well as stakes in sports-related businesses such as SeatGeek and GeoComply.
Other investors from previous rounds include New Orleans Pelicans senior vice president Swin Cash, National Soccer Hall of Famer and television analyst Julie Foudy, basketball player Shane Battier and former NFL player Dhani That includes Jones and Derrick Dockery.
“There are many opportunities to make youth sports better for everyone. I look forward to continuing my involvement with LeagueApps and joining others who share our commitment to improving the industry through innovation and community. We are excited about this,” Fowdy said in a press release. .
(This article has been corrected in the first and fourth paragraphs to clarify that Accel-KKR is a private equity firm, not a venture capital firm.)
