Sports Site MaxxAthlete Gets $3 Million Funding; Buys Three Small Sites
This story was written by Rafat Ali.
MaxxAthlete, a sports social network and online video network based in Manhattan Beach, CA, has raised about $3 million in first round of its funding...it didn't disclose the investors but said they were "four former technology entrepreneurs that have successfully monetized their businesses by selling their companies to Cisco (NSDQ: CSCO), IBM, Veritas and McAfee."
The newly formed company has also bought three small sports sites: VisionSports, HoopTV.net and MaxAthlete, three providers of online and event-based youth sports services. The company's brands now include online video site for youth sports (GrassrootsTV.com); a social network for athletes (JoxxStop.com); a recruiting network for college coaches (MaxxInsight.com); and an online sports media site (MaxxScoreCard.com), among others. More in the release here.
By Rafat Ali