Allocate banks $5M to open up venture capital fund access
23 Jul, 2021
– LeagueApps, which aims to be the operating system for youth sports organizations, announced it has raised $15m in a Series B round of funding.
– Existing investor Contour Venture Partners led the financing, which brings to $35m the company’s total funding since its 2010 inception.
– Major League Baseball and Elysian Park Ventures, the private investment arm of the ownership group of the Los Angeles Dodgers, also participated in the round.
– A slew of new and existing backers also put money in the round, including Olympic gold medalists Julie Foudy and Swin Cash; NFL veteran Derrick Dockery; Peter J. Holt, chairman of Spurs Sports & Entertainment; Laura Dixon, founder and president of PRO Sports Assembly; and investment management firm Hamilton Lane.