TeamSnap has more than doubled its subscriber base and experienced over 400% revenue growth in the last year.
Boulder, CO (PRWEB) June 8, 2010
TeamSnap (http://www.TeamSnap.com) and eonBusiness (http://www.eonBusiness.com), an early stage private venture capital firm, today announced the closing of TeamSnap’s $700,000 first round of funding. Boulder, Colorado-based TeamSnap provides a web-based service to manage sports teams and other groups.
TeamSnap offers a free service, as well as paid subscriptions for teams and groups that require advanced capabilities. Since launching its commercial application just over a year ago, TeamSnap has more than doubled its subscriber base and experienced over 400% revenue growth. The company has customers in over 90 countries supporting hundreds of different sports, clubs and other group activities.
eonBusiness led the funding round together with several other angel investors. “eonBusiness has been following TeamSnap’s impressive progress for the past six months and expects continued strong growth fueled by the current funding round,” said Dave Carlson, eonBusiness CEO and Managing Director. Carlson added, “We look forward to working with Dave DuPont, TeamSnap’s CEO, and his team in Boulder. With an easy to use, intuitive service and overwhelming customer satisfaction, we believe TeamSnap is well-positioned to be the dominant player in the online team and group management market.”
“It has been an exciting first year for TeamSnap, Inc. and we are delighted to close our first funding round,” said DuPont. “Our customers love our service and customer referrals have been the primary impetus for our growth. With the current funding round, the assistance of our new investors, and several new strategic partnerships, we believe we can dramatically increase the already strong organic growth we are experiencing.”
TeamSnap, Inc. (http://www.TeamSnap.com) provides the easiest, simplest way to manage groups and teams. The company is maniacally focused on making lives easier for those who manage or participate in sports or group activities, and has created a web-based service that customers around the world rave about. Based in Boulder, CO, TeamSnap has customers in over 90 countries and is used to manage everything from soccer clubs to bocce ball teams, from bridge clubs to Scouting organizations.
eonBusiness (http://www.eonBusiness.com) is a Denver, Colorado based venture fund that infuses its online startup experience into promising early-stage software as a service (SaaS) and mobile application technology companies. eonBusiness assists entrepreneurs in launching, developing and growing innovative web-based services.
Dave DuPont – 720.496.1056
Rob Hooke – 303.850.9300
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