SportsEdTV, a provider of free, world-class, online video instruction in over thirty sports, announced it has closed a $3 million Series A funding round. The funding round was led by a global sports-related venture capital fund and included private investors and professional athletes.
The Florida-based company will utilise the funds to move forward with its growth plans, which include key new hires, new content creation and increased marketing activities.
This is an important milestone for SportsEdTV,” said Co-Founder & Chairman, Robert Mazzucchelli. He added, “The fact that we could close this round in the shadow of the coronavirus pandemic speaks to the strength of our business proposition and team and also to the belief that our partners have in the company’s future. Some of our early seed round investors participated in the Series A round, which is also a great vote of confidence for our team – they like what we’ve been doing and want us to do more. We plan to make key staffing additions in the coming months, and to begin pushing our brand out to the online world more aggressively. We are on track to become the world’s leading brand in online sports education media.”
“SportsEdTV has found a wide-open space for growth in the online sports instruction media marketplace,” said a representative of the venture capital fund who led the round. “Their team has executed flawlessly over the past two years and they have hit all of their traffic growth projections. We are thrilled to be partners and to help give them the fuel they need to catapult this business forward.”
“When I invest in early stage companies, the quality and capability of the team is my number one prerequisite,” said Series A investor Rick Foker. He added, ” the team at SportsEdTV is experienced, hungry, smart, flexible and ready to build the leading brand in this vast and growing market. They have assembled a team that represents all the skills necessary to succeed, and have already shown they can gain significant market traction while prudently allocating resources. This is an A team.”
The lead venture capital fund was joined in the Series A round by a Miami-based private investment partnership, West Coast strategic investor, Rick Foker, and some world-renowned athletes, including an English Premier League soccer star.
SportsEdTV.com provides free, world-class, online video instruction in over thirty sports. Our expert coaches teach technique, strategy, tactics, strength and conditioning, nutrition, mental toughness, and the unique lifestyle complexities of being an athlete to competitors and sport participants at all levels, from beginner through professional. SportsEdTV videos feature coaching from world-class coaches and athletes – many of whom are or have coached world-champions – and have been watched by viewers in every country in the world.
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