Aktivate, a leading scholastic sports management software provider, has announced the successful closure of a $3.7 million Series A funding round. The round was led by prominent venture capital firms Will Ventures, Tal Ventures, and Benson Oak Ventures, with participation from 97212 and Tieferes Ventures.
With this latest funding, Aktivate has now raised over $14 million since its establishment in 2020. The company, which already works with six of the largest school districts in the United States, is poised for substantial growth, targeting a 200-300% increase in the coming year.
The funds will be utilized to further enhance Aktivate’s existing capabilities by introducing new in-app integrations.
Aktivate Aiming to Capitalize on Growth of Youth Sports
The youth sports industry has experienced remarkable growth, expanding by over 60% and reaching an estimated annual value of $30 to $40 billion. Despite this growth, many schools face challenges in securing funding for their athletic departments and often rely on annual fundraisers for financial support.
Aktivate addresses this issue by offering an integrated digital fundraising tool alongside its core registration, scheduling, and communication features. This tool enables directors to efficiently manage donor information, track donation goals, and monitor progress. By leveraging online crowdfunding, Aktivate empowers users to significantly broaden their fundraising reach and secure greater financial support with minimal effort.
To date, Aktivate’s fundraising platform has successfully raised over $35 million for scholastic sports programs.
Sports Software Aktivate
Aktivate is a comprehensive platform designed specifically for athletic directors in school districts across the United States. These directors often face challenges in managing and coordinating various timelines and processes related to scholastic sports.
Aktivate simplifies these tasks by integrating essential functions into a centralized platform. This includes managing pre-season and post-season registration, scheduling, communication, and more. By streamlining these processes, Aktivate minimizes the chances of errors or noncompliance, allowing directors and coaches to dedicate more time to working directly with students.
The platform also alleviates the burden of paperwork, fundraising, and logistical tasks, enabling a more hands-on approach to supporting and engaging with student-athletes through their sports tech.
In 2022, Aktivate experienced significant growth, with an impressive year-over-year revenue increase of approximately 250%. The platform’s user base also reached a significant milestone, surpassing one million active users in 2023. Aktivate established partnerships with prominent organizations such as United Healthcare and NCSA College Recruiting, which is owned by Endeavor.
With the potential to serve over 50 million users across the United States, Aktivate has ambitious goals for the future. The company aims to achieve another substantial growth rate of 200-300% in the coming year. Additionally, Aktivate has plans to introduce new products and services throughout the year, extending into the first quarter of 2024.
