By Nancy Dahlberg
COVID-19 will no doubt slow the venture capital flow, but for now at least, funding continues to roll into South Florida startups.
The latest recipient is SportsEdTV, a Miami-based sports education media venture. The startup announced that it closed a $3 million Series A funding round.
SportsEdTV provides learning tools to allow athletes, coaches and parents to improve in their chosen sport. The company provides free video and blog content and offers a global online community, where athletes, parents and coaches can interact, connect, chat, share content and find new friends. Videos feature coaching from world-class coaches and athletes – many of whom are or have coached world-champions.
The startup was founded by former University of Miami tennis star John Eagelton, who played for UM from 1974 to 1977. He approached New York businessman Robert Mazzucchelli with an idea to write an instructional book in 2013, and Mazzucchelli suggested videos instead. In 2018, from that suggestion, SportsEdTV was launched, the Miami Herald reported. Today, Eagelton is still involved with the company as executive director of tennis and Mazucchelli is chairman and chief marketing officer, according to SportsEdTV’s website.
The round was led by an undisclosed global sports-related venture capital fund and included a Miami-based private investment partnership and other private investors and professional athletes including West Coast strategic investor Rick Foker, the company said in its announcement. According to Crunchbase, the startup has raised $4 million in total.
“We plan to make key staffing additions in the coming months, and to begin pushing our brand out to the online world more aggressively,” said Mazzucchelli. “We are on track to become the world's leading brand in online sports education media."
This was one of two reported fundings in recent days. Earlier this week, fintech startup Mosper announced it had raised pre-seed funding.
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