Alex Rodriguezs Startup Jump Raises $23 Million In Quest To Be Shopify For Sports Teams
News Source : Forbes
News Summary
- Reddit cofounder Alexis Ohanian is betting on one company to help modernize the fan experience.
- Jump, a ticketing and fan experience platform, announced $23 million in Series A funding.
- The round pushes the company’s total funding to $58 million and pegs its valuation north of $100 million.
- Jump operates with a software-as-a-service model, charging teams a licensing fee that varies based on their size while also collecting between 1% and 5% of all transactions they generate on the platform.
Big Swing Alex Rodriguez cofounded Jump, a startup aiming to modernize the fan experience. With four teams currently clients, its annual revenue is less than $10 million, but that represents a fract [+6980 chars]
Never miss a story from us, subscribe to our newsletter