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Sprocket Sports announced it has finalized an investment round with Frontier Growth, which specializes in vertical SaaS companies.
The Chicago-based youth sports management services and software firm will use the capital to "accelerate investment across its product suite and sales and service teams."
Frontier’s website says the firm typically seeks out companies with $3-$20M in ARR and at least 25% annual growth with a typical initial investment of $5M to $30M.
Sprocket touts itself as the only independent player with a modern platform in the space that remains founder-controlled and -led. All available data suggests it has hundreds of clubs and teams on its platform.
Sprocket received several write-in votes for our “youth sports platform” poll a couple of sends ago. So if that wasn’t an indication of some momentum, the Series A certainly is.
Of note: Sprocket is LOVB’s preferred management software provider for its club volleyball network— it also has a partnership with MLS’ Chicago Fire for its youth soccer affiliate program.
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