About Varsity News Network
Varsity News Network is a company based in Grand Rapids (United States) founded in 2010 by Matthew Anderson.. Varsity News Network has raised $25.56 million across 10 funding rounds from investors including Arsenal Growth Equity, North Coast Technology Investors and Start Garden. Varsity News Network has completed 3 acquisitions, including RallyAroundUs, WPA Network and WisSports.net. Varsity News Network offers products and services including Custom Athletics Website, Media Score Reporting, One-Way Messaging, Fundraising and Donations, and Scheduling. Varsity News Network operates in a competitive market with competitors including SportsEngine, LeagueApps, Overtime, SportEasy and Betty Labs, among others.
- Headquarter Grand Rapids, United States
- Founders Matthew Anderson
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$39.48 K (USD)-7as on Dec 31, 2023
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Net Profit
$4.21 K (USD)592as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$25.56 M (USD)
in 10 rounds
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Latest Funding Round
$3.55 M (USD), Series B
Nov 11, 2019
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Investors
Arsenal Growth Equity
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
RallyAroundUs
& 2 more
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Products & Services of Varsity News Network
Varsity News Network offers a comprehensive portfolio of products and services, including Custom Athletics Website, Media Score Reporting, One-Way Messaging, Fundraising and Donations, and Scheduling. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for creating and managing school sports websites.
System for tracking and reporting sports scores and stats.
Tool for sending announcements to sports communities.
Features for organizing and managing sports fundraising.
Software for event and game scheduling in schools.
Platform for athlete and event registrations.
Digital system for issuing and managing game tickets.
App for updating and viewing live sports scores.
Tools for recording and sharing sports event videos.
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Funding Insights of Varsity News Network
Varsity News Network has successfully raised a total of $25.56M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $3.55 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series B — $3.5M
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First Round
First Round
(23 Feb 2012)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series B - Varsity News Network | Valuation |
investors |
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| Mar, 2019 | Amount | Series B - Varsity News Network | Valuation |
investors |
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| Feb, 2018 | Amount | Series B - Varsity News Network | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Varsity News Network
Varsity News Network has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Arsenal Growth Equity, North Coast Technology Investors and Start Garden. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US focused VC firm
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in US technology sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Varsity News Network
Varsity News Network has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include RallyAroundUs, WPA Network and WisSports.net. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online fundraising is provided for athletes and organizations.
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2016 | ||||
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Athlete training courses are provided by WPA Network.
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2007 | ||||
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Football training courses are offered through WisSports.net platform.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Varsity News Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varsity News Network Comparisons
Competitors of Varsity News Network
Varsity News Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SportsEngine, LeagueApps, Overtime, SportEasy and Betty Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sports teams and leagues are managed through an online platform.
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| domain | founded_year | HQ Location |
Offers sports league management and registration software
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| domain | founded_year | HQ Location |
Sports content is produced and shared across multiple digital platforms.
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| domain | founded_year | HQ Location |
Sports team and club management is enabled via web-based software.
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| domain | founded_year | HQ Location |
Sports trivia apps are developed for mobile users worldwide.
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| domain | founded_year | HQ Location |
SaaS-based platform for sports team and event management is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Varsity News Network
Frequently Asked Questions about Varsity News Network
When was Varsity News Network founded?
Varsity News Network was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Varsity News Network located?
Varsity News Network is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
Is Varsity News Network a funded company?
Varsity News Network is a funded company, having raised a total of $25.56M across 10 funding rounds to date. The company's 1st funding round was a Series B of $6.9M, raised on Feb 23, 2012.
What is the annual revenue of Varsity News Network?
Annual revenue of Varsity News Network is $39.48K as on Dec 31, 2023.
What does Varsity News Network do?
Varsity News Network was founded in 2010 in Grand Rapids, United States, within the sports management software sector. An app is provided for users to follow teams, access match schedules with driving directions, track rosters, and receive score updates along with articles and videos. Operations support over 2000 school partners across the education and athletics domains.
Who are the top competitors of Varsity News Network?
Varsity News Network's top competitors include LeagueApps, Overtime and SportsEngine.
What products or services does Varsity News Network offer?
Varsity News Network offers Custom Athletics Website, Media Score Reporting, One-Way Messaging, Fundraising and Donations, and 5 more products and services.
How many acquisitions has Varsity News Network made?
Varsity News Network has made 3 acquisitions, including RallyAroundUs, WPA Network, and WisSports.net.
Who are Varsity News Network's investors?
Varsity News Network has 10 investors. Key investors include Arsenal Growth Equity, North Coast Technology Investors, Start Garden, Invest Detroit, and Michigan Angel Fund.