Fastbreak AI Secures $40 Million to Revolutionize Sports Scheduling Across All Levels
Fastbreak AI, a leading provider of clever sports scheduling software, has announced a $40 million funding round to fuel further technological progress and a meaningful expansion into the youth and grassroots sports market.
The investment was led by Greycroft and GTMfund, with participation from a diverse group of existing and new investors. Notably, several prominent sports figures and organizations have backed the company, including the National Basketball Association (NBA), the National Hockey League (NHL), and TMRW Sports. PGA Tour golfers Patrick Cantlay and Kurt Kitayama, alongside former NFL players Larry Fitzgerald Jr. and Luke Kuechly, also contributed to the funding round.
Fastbreak AI’s technology is already utilized by 55 major sports leagues globally, encompassing organizations like Serie A, Major League Soccer (MLS), and the Australian Football League (AFL). The company’s algorithms are designed to optimize competition schedules, focusing on minimizing travel burdens for athletes, maximizing revenue through increased television viewership and ticket sales, and ensuring compliance with local regulations.
The newly acquired capital will be strategically allocated to enhance the existing software and broaden its submission to the ample youth sports sector, estimated to be a $55 billion market possibility.
“We’ve demonstrated the power of innovation in professional sports, and we’re now poised to deliver those same benefits to amateur leagues,” stated John Stewart, CEO of Fastbreak AI. “This funding will accelerate our progress across all levels of competition, driving innovation in professional sports while together providing the infrastructure needed to streamline operations in youth sports. Our core mission is to free up organizations from logistical complexities,allowing them to prioritize creating extraordinary experiences for athletes,fans,and their families.”
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