LeagueApps, a platform for managing youth sports teams, has announced a new round of fund raising, led by new investors Accel-KKR with Arctos Partners.
The equity investment from the two funds isn’t disclosed but is termed “significant” in an embargoed press release. LeagueApps has previously raised $35 million in rounds stretching back nearly a decade, including an accelerator investment from the Los Angeles Dodgers in 2015 and later VC investments from Contour Venture Partners and Hamilton Lane, according to data compiled by S&P Global Market Intelligence.
LeagueApps serves eight youth team sports in areas such as registration, payments processing, communications with participants, and managing schedules and participation. The company says it has more than 3,000 youth sports organization using its software, including Ripken Baseball and Atlanta United Training Programs.
Accel-KKR is an independent private firm formed in 2000 with backing from Accel Partners and KKR, but it isn’t affiliated with KKR any longer, according to its website. Accel-KKR has $19 billion in capital committed across growth, buyout and credit funds in various technology businesses.
The Arctos investment is part of its sports funds that have minority ownership of sports franchises including the Boston Red Sox, Tampa Bay Lightning and Paris Saint-Germain, as well as stakes in sports-related businesses like SeatGeek and GeoComply.
Other investors from earlier rounds include New Orleans Pelicans senior vice president Swin Cash, National Soccer Hall of Famer and TV analyst Julie Foudy, basketball’s Shane Battier, and former NFLers Dhani Jones and Derrick Dockery.
“There’s so much opportunity to make youth sports better for everyone, and I’m excited to continue my involvement with LeagueApps and to be joined by others who share our commitment to elevating the industry through innovation and community,” Foudy said in the press release.
(This story has been corrected in the first and fourth paragraphs to clarify that Accel-KKR is a private equity firm and not venture capital.)