Youth sports are an integral part of our community, bringing families together and helping children gain all the confidence and skills they need. Most of us don’t think about the work of setting up, growing and maintaining these leagues. It’s too much. Targeted as the operating system of youth sports organizations, League Apps today announced that it has collected $ 15 million in the B round of the series.
Existing investors lead the financing of Contour Venture Partners, bringing the company’s total funding to $ 35 million since 2010. Major League Baseball, a private investment force owned by the Los Angeles Dodgers, and Elysian Park Ventures also joined the team. Several new and existing supporters, including Olympic gold medalist Julie Fody and Swine Cash, also made money in this round; NFL veteran Derrick Dockery; Peter J. Holt, chairman of Spar Sports and Entertainment; Laura Dixon, founder and president of the PO Sports Assembly; And investment management firm Hamilton Lane.
The New York-based organization is working to help better organize youth sports organizations. It has created registration and management software so that the leaders of these sports organizations can better manage the process of managing leagues, communicate more effectively and collect payments more efficiently. “We’ve created all the tools they need to make their programs stronger,” said Brian Litvak, chief executive and co-founder of League Apps. These tools include ways to create websites for these leaders, receive registrations, send messages to coaches and parents, and share information with management committees or associations.
“Local sports organizers in the community have an important role to play in ensuring the sporting event,” Litvac said. Instead of charging for its software, it charges a small fee and a percentage of any transaction conducted through its platform. So if its users don’t pay, it doesn’t pay. This means that even after the COVID-19 epidemic hit in 2020, the company, like many others, was hit a bit, but it has since made a comeback and then a bit. In the spring of 2021, the platform crossed the-$2 billion mark of transaction-processing, reaching $ 1 billion in the summer of 2019. From 2016 to 2019, league apps have increased revenue by 275%. Today, more than 3,000 sports organizations use the League app as their operating system.
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