Agile Computing Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Pat Romanski, 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
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...
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...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
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...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
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...
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...