Welcome!

Agile Computing Authors: Pat Romanski, Zakia Bouachraoui, Elizabeth White, William Schmarzo, Liz McMillan

News Feed Item

Fancred Secures $3 Million Funding Round to Continue Growing its Smartphone App Which Offers Fans a New Way to Capture Favorite Sports Moments

Fancred, an app that lets users capture their favorite sports moments and connect and interact with a community of fellow fans, announced today a $3 million financing round led by existing shareholders, Atlas Ventures and Militello Capital, as well as first time participant Breakaway Innovation Group. The funding, which follows an initial seed investment of $1.5 million, will support continued product development and user improvements, team growth and strategic partnerships.

“As sports fans, we attend games, watch them on TV, buy team apparel, take pictures and save memorabilia, so we built Fancred to give users a place to capture and share their sports lives and favorite moments,” said Fancred’s CEO, Hossein Kash Razzaghi. “We see a real opportunity to offer fans and teams a new way to interact and connect, and these funds will help our team continue to refine and grow our product on iOS as well as expand to other platforms including Android, which users can expect to see later this year.”

Fancred, an alumni of the prestigious Boston Techstars accelerator, has evolved since launching in August of 2012, following constant market research and user feedback. While still offering a community where sports fans can share their thoughts and opinions with like-minded users, Fancred has grown into a place where they can also capture all of the things they do or see about their favorite sports teams. The app offers fans a digital scrapbook to collect memories, moments or events and share them with other fans and teams within the community. What’s more, Fancred is the perfect companion on game day, as it creates a virtual stadium and unites fans of the same teams as if they were watching the event together.

“With Fancred, we see a provocative opportunity to invest in a company that is truly responsive to where digital communities are headed,” said Bill Militello, CEO of Militello Capital. Dennis Baldwin, CEO of Breakaway Innovation Group adds, “their passion and commitment to building a digital home for sports and fan communities fit perfectly into our investment thesis for helping strong teams build enthusiast brands.”

In an effort to build the world’s largest sports community, Fancred will continue focusing on strategic partnerships with professional and collegiate sports teams who are given the unique opportunity to communicate and interact with fans. The Boston Red Sox, Mississippi State University and Liverpool Football Club are amongst the first to join the Fancred community by creating official team profiles that feature behind-the-scenes photos as well as breaking news and team information.

About Fancred

Founded in 2012, Fancred’s mission is to build the world’s largest sports community by offering users a digital scrapbook to capture their favorite sports moments and connect with other fans and teams. Coming soon to Android, Fancred is currently available on iOS and Fancred.com

For more information about Fancred, visit www.fancred.com and www.facebook.com/fancred or follow @fancred on Twitter.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...