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FLIPGIVE Raises $5M Series A To Help Reinvent How Youth Sports Teams Fundraise

Digital fundraising platform FlipGive has raised $5 million in a Series A to help accelerate its mission of changing the way North American youth sports teams raise money.

“We have only scratched the surface of what is possible in the world of team-sport and club fundraising.”

FlipGive offers an online platform that connects merchants to consumers through community fundraisers. Teams can raise money by receiving cash back through shopping at partnered online stores or certain in-store locations. The startup touts itself as having revolutionized the fundraising space for youth sports, member organizations, and clubs raising money.

The Series A was led by Toronto-based Framework Ventures Partners, the first investment of its new $100 million fund announced earlier this year. The round also saw participation from New York-based venture firm FJ Labs as well as iGan Partners. The capital will help FlipGive hire talent, develop enhanced product features, and bring on new brand partners, as well as support marketing and “member acquisition.”

“We have only scratched the surface of what is possible in the world of team-sport and club fundraising,” said Mark Bachman, FlipGive co-founder and CEO, a father of three, who founded the company alongside Nicholas Lee, after experiencing the need for a more efficient way to fundraise for his kid’s various sports teams.

Bachman told BetaKit that on top of using the funding to build out its platform, FlipGive also plans to expand into new sports verticals including volleyball, gymnastics, and swimming, as well as school teams and trips; to date, the platform had been focused on baseball, soccer, and hockey teams.

Founded in 2008 FlipGive didn’t officially launch its current platform until 2016. The platform now enables its members to shop for groceries, gas, and clothing from a number of major retailers including Starbucks, Amazon, Walmart, Apple, Nike, and Hotels.com. Users are also able to plan team events and accept donations. In 2017, FipGive announced that eight-time NBA All-StarDikembe Mutombo joined the company as a major shareholder and global ambassador. Earlier this year, the startup announced a partnership with TeamSnap, a Colorado-based sports team management platform. At the time FlipGive indicated that, since its launch, teams and groups have raised over $20 million through its platform.

FlipGive co-founders Mark Bachman (CEO) and Nicholas Lee (Chief Technology Officer). Image courtesy FlipGive

“Framework is incredibly excited about working with Mark [Bachman], Nicholas [Lee, co-foudner], and the rest of the FlipGive team to tackle the tremendous friction associated with fundraising,” said Peter Misek, partner at Framework. “We deeply believe in FlipGive’s ability to service a market in dire need of intuitive, user-driven tools that can help families and other groups of people reduce the financial burden related to sporting and other organized activities.”

Return investor iGan, which is typically focused on investing in health tech companies, has been investing in the fundraiser startup since 2013. Founder and managing partner at iGan, Sam Ifergan, called FlipGive “an important enabler of youth sports as well as an incredible marketplace.”

“We are very excited to see FlipGive enter this new era. Having been invested in the company from the beginning, it is very fulfilling to see the vision become a reality,” he stated.

Platforms like FlipGive are becoming increasingly important for Canadian youth sports teams, with reports that parents are spending more than $1,000 per year on extracurriculars for their children. According to a study conducted by Global News last year, many parents expressed that they had gone into debt in order to pay for their kid’s activities.

“This is exactly why we built FlipGive,” Bachman told BetaKit. “Using the power of spending of families so they can earn cash back for everything they buy for their team. [FlipGive is] using that buying power to fund teams.”

With its cash back model, money raised through FlipGive can either go directly towards teams, or those teams have the option to reimburse parents directly.

“Families are forced to sacrifice so much so that their kids can have access to a sport they love,” said Bachman, earlier this year, noting that FlipGive has a goal of raising $100 million for youth sports teams over the next five years.

Photo by Jeffrey F Lin via Unsplash

SOURCE: BETAKIT
URL: https://betakit.com/flipgive-raises-5-million-series-a-to-help-reinvent-how-youth-sports-teams-fundraise/

VisitorQueue

The team at Visitor Queue have a great product that all B2B companies would benefit from. They have partnered with Google Analytics to allow you to identify the companies that have visited your website. With on average 98% of website visitors leaving your website without converting, you can find out who they were, and follow up with them!

As a partner of our projects, we are proud to support Visitor Queue

About VisitorQueue:
Visitor Queue is an advanced B2B (a business that sells to other businesses) lead generation software that identifies the name, contact details and user data of the businesses that visit your website. Gone are the days of cold calling and guessing, we feed your sales team hot leads that have already shown an interest in your products and/or services. With 98% of website visitors disappearing from your website without a trace, isn’t it time you found out who they were?

SOURCE: VisitorQueue

URL: http://www.visitorqueue.com

FlipGive – Giving Cash-Back to Youth Sports Teams.

Fundraising has come a long way from selling chocolate bars, door to door…

How it works…

As parents with kids enrolled in team sports and arts programs we were constantly having to sell cookies and host car washes to raise money year after year. We knew there had to be a better way. After a long search through candy and pizza fundraising companies, we couldn’t find a solution that we liked… so we decided to build our own.

We knew that the worst part of fundraising is having to ask and burden close friends and family to buy things that they don’t want or need. Leveraging our backgrounds in e-commerce and charity fundraising, we’ve come up with an alternative that we believe is a better way to raise funds for the things your family loves.

By partnering up with brands we’ve built an online shopping platform that connects you with the stores you already shop at except now they will give cash back to your team. Brands now have a way to give back to the community and teams can fund the things they love to do by simply shopping, eating out, and traveling. It’s a win-win for everyone involved!

At FlipGive, we want to empower parents, coaches, teachers, managers or anyone for that matter to fund the things they love and put the focus back on the kids and their development both on and off the field.

GUARDLAB ANNOUNCES NEW HOCKEY AMBASSADOR, NHL FORWARD, JAMES VAN RIEMSDYK

NEW YORK, Feb 14, 2019 — GuardLab® a New York – based custom mouthguard company specializing in 3D technology and 3D printing announces today a new Hockey Brand Ambassador, NHL forward James van Riemsdyk of the Philadelphia Flyers. Van Riemsdyk joins a diverse and talented spec trum of passionate and dedicated athletes, who believe in the quality of GuardLab products and our modern technology to improve the way athletes protect their teeth.

GuardLab uses 3D technology, powered by 3Shape, to make the most accurate fitting mouth guards, coupled with a proprietary Alignment Repositioning Cushion (ARC™Technology) that can help to increase oxygenation, reduce TMJ tension and stabilize the head, neck and jaw muscles during training and competition.

The American – born hockey player, a lso known as JVR , grew up in Middletown, NJ and experienced an orofacial injury early in his career while playing minor hockey. Since that time, and for several years since, Van Riemsdyk has been wearing a lime green dentist – made custom mouthguard to prote ct his teeth, trying out different custom guards from his dentists. Custom fit mouthguards offer the best in protection, however, the styles and thicknesses can vary from dentist to dentist and traditional putty impressions are required for every new guard .

After getting 3D scanned for an ARC – PRO Guard in 2018, van Riemsdyk was surprised by the ease, comfort, and accuracy of 3Shape TRIOS and the soft, thinner protective mouthguard made by GuardLab.

“I first got scanned for my GuardLab mouthpiece this past summer and the process couldn’t have been easier. It only took about ten minutes to do the 3D scan, so you don’t have to deal with the messy putty, clearly the technology is way better. I feel like that [process] allowed for a better fit, and now I find that my mouthguard is in my mouth more often than hanging out of the side of it. Not only was the process way easier, but the product is way better than what I’ve had in the past” said NHL forward, James van Riemsdyk .

Without major changes to his teeth, the same digital impression can be used to make as many mouthguards as JVR needs, sent directly to the athlete or organization in a matter of days. What was once a common site to see van Riemsdyk chewing his lime green mouthguard, may now become a thing of the past with GuardLab.​

Van Riemsdyk’s career includes over 650 NHL games played with the Philadelphia Flyers (2009 – 2012 and 2018 – to present) and the Toronto Maple Leafs (2012 – 2017). JVR is an exciting Hockey Brand Ambassador for GuardLab, as an active goal scorer with over 216 goals and 205 assists to – date, and counting.

About GuardLab, Inc.

GuardLab is a sports technology company changing the way you protect your teeth. We use 3D technology and 3D printing to create premium products that are accurate and comfortable, while being the most scientifically advanced – all at a fraction of what you would pay at the dentist, and available from the comfort of your home. GuardLab has partners and clients across all major professional and collegiate sports leagues including the NFL, NBA, MLB, NHL, UFC, MLL and NCAA – including the multi – time and current Super Bowl Champion New England Patriots, the NCAA National Champion UNC Men’s Basketball, as well as the Vancouver Giants, Syracuse Crunch, Philadelphia Eagles, Tennessee Titans, Toronto Blue Jays, Toronto Argonauts, Toronto Raptors, Denver Nuggets, AFL League and many more.

To learn more about GuardLab’s Dental Network or to find a 3D Scan Location near you, visit guardlab.com

Follow GuardLab on Facebook, Twitter and Instagram @guardlab

#guardlab #BrandAmbassador #JVR #vanRiemsdyk #NHL #hockey #PhiladelphiaFlyers

Instant Sponsor’s New Business Model Will Revolutionize the $66 Billion Sponsorship Industry

Instant Sponsor is set to democratize the sponsorship industry by creating a marketplace connecting sponsors and rights holders

LOS ANGELES, July 17, 2018 /PRNewswire/ — Instant Sponsor‘s business model is about to receive a facelift. The once independent sports sponsorship agency is set to disrupt the $66-billion sponsorship industry with a revolutionary blockchain-powered platform that connects brands with rights holders across sports, esports, and entertainment.

Between 5-50 percent of a professional sports team’s sponsorship inventory goes unsold each season, resulting in billions of dollars of lost revenue across the industry. At the same time, player costs continue to rise, forcing teams to put an emphasis on selling sponsorship inventory. Instant Sponsor lowers the barrier of entry for brands to buy that unsold inventory on short-term contracts, while rights holders reap the benefit of additional income that would typically be lost.

Traditionally, the process for brands to secure a sponsorship deal with just one team can take up to five months including due diligence and contract negotiations. Instant Sponsor automates and standardizes the acquisition process with the help of smart contracts, reducing it to just under five hours.

Additionally, the platform allows brands to access sponsorship opportunities in real time. Instant Sponsor has previously delivered short-term sponsorship deals to teams and athletes just hours before a tournament or game commences. This process will now be expedited on a blockchain-powered peer-to-peer network.

Instant Sponsor’s first-of-its-kind global sponsorship marketplace is set to democratize the sponsorship industry by providing access, value, and efficiency. A proprietary algorithm calculates a brand’s target market, demographics, and budget to create a customized advertising campaign made up of diverse assets across multiple sports. The algorithm used to generate these results is guaranteed to deliver maximum ROI for the sponsor.

Sponsors can transact on the platform both in fiat or native Instant Sponsor cryptocurrency. A blockchain management platform allows smart contracting, reduced transaction fees, escrow and secure international payments.

Previously, Instant Sponsor has sourced sponsors for teams in the National Basketball Association (NBA), National Hockey League (NHL), Major League Baseball (MLB), the Australian Rules Football league, Australian Football League (AFL), and multiple athletes from the PGA and European Golf Tours as well as the ATP and WTA Tennis Tours. 

Media Contact:

Mike Murphy
Phone: 484.784.8172
Email: Mike@instantsponsor.com

SOURCE: Yahoo! Finance

URL: https://finance.yahoo.com/news/instant-sponsors-business-model-revolutionize-154900923.html

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