365Scores Raises $5.5 Million in a Round Led by LETA Capital
Tel Aviv, Israel and Moscow, Russia (PRWEB) September 30, 2014 -- 365Scores, a leading mobile sports application company, secured $5.5 million in new investments from LETA Capital, Cedar Fund, Titanium Investments and private investors. The firm also announced the milestone of exceeding 5 million Android installs worldwide. Delivering high levels of mobile engagement, 365Scores alerts sports fans to the most important moments of their favorite teams and players by sending over 2 billion push notifications to their users each month. This week the company has also launched a 365Scores tablet version for Android which is available on Google Play.
After closing this round of funding, the company will focus on expanding the social environment for its millions of zealous sport fans.
365Scores has just released a social feature on all devices (iOS and Android), which aims to bring together fans from all over the world into the same "Virtual Stadium", allowing them to communicate in real time and share their views, analysis and emotions before, during and after the game. Fans can react to: teams’ line-ups, goals, touchdowns, home runs or fouls, as if they were in the stands. It also allows them to interact with and see photos that the fans in the stadium are capturing. The 365Scores application creates a social media community where everyone feels like they are “there”.
"With their proven consumer adoption at over 5 million Android users, 365Scores has already reached sports fans worldwide in 20 different languages. This is the sports app that all fans will demand,” said Alexander Chachava, Managing Partner of LETA Capital, who will be joining the 365Scores Board of Directors. “Israeli startups have a great track record of success and the 365Scores team has an impressive background in Big Data which gives us confidence that this company and their applications will deliver a great return on investment.”
“365Scores is becoming a phenomenon with strong user loyalty and high usage levels. 365Scores is doing something right in providing their worldwide audience a real time personalized mobile experience. We believe 365Scores will continue to deliver on all fronts,” stated Motti Vaknin, partner with Cedar Fund.
The 365Scores’ mobile application is available for both Android and iOS and may be downloaded at the website: 365Scores.com.
About 365Scores
365Scores is a leading mobile sports application company whose app, 365Scores, surfaces sports content from across the globe and delivers it in 20 different languages to sports fans around the world. From tweets to blogs and scores, 365Scores lets you follow the teams, the sports, and the athletes you choose. The mobile app provides real-time score updates and other breaking news via convenient notifications to the fans. Find out more at http://www.365Scores.com
About LETA Capital
Established in 2012, LETA Capital (http://en.leta.vc/) is a corporate boutique venture fund founded by LETA Group, a Russian IT-holding company with over $100 million in revenue under management. With deal sizes ranging from $400K to $2 million, the fund is aimed at supporting innovative IT and high tech startup companies in their seed or early growth stage.
About Cedar Fund
Cedar Fund is an international venture capital firm with offices in Israel and Boston that invests in high technology Israel-related companies. With its investment track record and over $325 million under management, Cedar Fund is among the most notable and active venture firms focusing on Israel-related investments. http://www.cedarfund.com
About Titanium Investments
Titanium Investments (Ti) was founded by entrepreneur and investor Alexander Ayvazov in 2013 as a privately held investment firm specializing in venture investments worldwide. Ti is focused on high growth, high tech companies, investing around $2 million in businesses from the following sectors: adtech, cloud services, consumer apps. They currently have 13 companies in their portfolio.
Boaz Schlesinger, 365Scores, http://www.365scores.com, +1 7573380529, [email protected]
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