PlayOn! Sports Raises $25 Million in Series B Funding

Funding will drive further acceleration of company’s automated sports event production

Atlanta, GA – Dec. 17, 2019 (PRNewswire) PlayOn! Sports (PlayOn) announced today that it has raised Series B funding of $25 million led by venture investment firm BIP Capital. New investors in the funding round include Jeff Vinik, Teall Capital, and Crossover. The capital will be used to further the company’s growth by accelerating the deployment of the Pixellot automated production solution throughout the high school market, as well as for additional investments in its consumer products and automated marketing infrastructure.

PlayOn is the nation’s leading high school sports media company and operates the NFHS Network, a joint venture with the National Federation of State High School Associations (NFHS) and its member state high school associations. PlayOn introduced the Pixellot automated production solution to high schools three years ago and it has quickly become an integral component of the NFHS Network’s livestreaming and on-demand services.

There are currently more than 4,000 Pixellot units in high schools across the country producing in excess of 150,000 live games annually without the need for human involvement. The NFHS Network livestreams 27 different sports and the events are monetized via consumer subscription. Subscription revenue has grown by more than 100 percent year over year.

“In addition to our returning and long-time investor BIP Capital, we’re excited to partner with Jeff Vinik, Teall, and Crossover on our journey to ultimately livestream every high school sports event,” said David Rudolph, founder and CEO of PlayOn. “This new capital will enable us to grow even faster by doubling the number of schools using automated production within the next 12 months.”

“PlayOn has evolved into a truly exceptional company. We’re proud of what they have built in partnership with the NFHS, its member state associations, and high schools,” said Mark Buffington, co-founder and CEO of BIP Capital. “By aggregating high school media rights through the NFHS Network, state associations have made it possible for fans and their families to stream any sporting event to any connected device. In addition, the network’s revenue sharing program allows high schools to extend the values and support the costs of amateur student-athleticism.”

Inner Circle Sports LLC, a boutique investment bank focused on the global sports and media industry, served as financial advisor to PlayOn.

About BIP Capital

BIP Capital is recognized as one of the most active venture investors in the Southeast, serving entrepreneurs, investors, and operators to grow the emerging company ecosystem. It applies experience and process to make investment decisions and operational recommendations, allowing its portfolio companies to achieve and stay on a glide path of growth. Areas of focus include Enterprise SaaS, Healthcare IT, Digital Media, Dev Tools, and MarTech. For more information, visit www.bip-capital.com or follow BIP Capital on LinkedIn or Twitter @BIPCapital.

About PlayOn! Sports

PlayOn! Sports was founded in 2008 with the purpose of honoring and celebrating the achievements of high school students, parents, coaches, and teachers in every community across the country. It is the nation’s leading high school sports media company and streams more live sports events than any other company in the world. PlayOn is in its seventh year of operating the NFHS Network, a joint venture with the National Federation of State High School Associations (NFHS) and its member state associations. PlayOn is responsible for the day-to-day operations of the NFHS Network, which delivers live and on demand high school events at http://www.NFHSnetwork.com and related apps.

Media Contact:

Kathy Berardi
Carabiner Communications
kberardi@carabinercomms.com
678.644.4122

The Rising, Stephen Curry and Rakuten’s Documentary on Basketball in Japan, Premieres Worldwide on YouTube

San Mateo, CA – Dec. 18, 2019 (PRNewswire) Rakuten, Inc. has joined forces with SC30, Inc. and Limitless Creative Company on The Rising, a short documentary film on the explosive growth of basketball in Japan, capturing the intersection of the international sport with homegrown Japanese culture.

Rakuten logo

Featuring appearances from several unique Japanese basketball enthusiasts and six-time NBA All-Star and two-time Kia NBA MVP Award winner Stephen Curry, The Rising makes its worldwide premiere today on Curry’s YouTube channel. The Rising can also be viewed worldwide on Rakuten Arena’s YouTube channel, as well as NBA Rakuten in Japan.

The Rising captures the underrated spirit in all of its subjects, following Curry in his journey through Tokyo as he seeks out the next generation of hoops influencers and players who embody the sport’s future in Japan. Along the way, viewers meet a basketball-obsessed artist, a street baller, the owner of a basketball store, and two young athletes with dreams of playing college basketball in the United States.

The documentary centers on the June 2019 Tokyo stop of the Underrated Tour, powered by Rakuten, where local youth athletes had the chance to meet and receive guidance from the Golden State Warrior star. Curry created the Underrated Tour, a series of youth basketball camps, to empower and mobilize basketball’s next generation of underrated athletes.

“The idea behind the Underrated Tour is simple: create a basketball camp for high school players who are looking for the chance to show scouts that their perceived weaknesses might actually be secret strengths — a camp for kids who love to hoop but the traditional camps are telling them they’re not enough,” said Curry earlier this year. Adding, “That was my story… I was repeatedly labeled ‘undersized,’ and ‘not a finisher,’ all these limitations spoken over me before I even came into my own. Underrated is going to change that and we are excited to bring the tour to Japan where we aim to usher in a new era of Japanese basketball.”

“We are pleased to partner with Stephen Curry and Limitless to shine a light on the growing popularity of basketball culture in Japan,” said Kristen Gambetta, Senior Director, Sports & Entertainment at Rakuten Americas. “In the past few years, basketball has grown from a niche community to become one of Japan’s most popular sports. Rakuten is proud to be one of the driving forces behind its popularization in Japan, through our partnership with the Underrated Tour, our global marketing and exclusive media distribution partnership with the National Basketball Association for all live games in Japan, and our presentation of Japan’s first NBA games since 2003, which brought the Toronto Raptors and Houston Rockets to Saitama for two pre-season matchups this October.”

The Rising joins Rakuten’s growing lineup of sports-themed entertainment vehicles. Matchday – Inside FC Barcelona, an official FC Barcelona TV documentary series following the world-famous soccer club and its players through the 2018-2019 season, premiered exclusively in Europe and Japan on Rakuten TV in November 2019. The company also produced Everyday Spartans, a reality series following eight ordinary people who transform their lives in a grueling, globetrotting adventure, in conjunction with Spartan Race, the world’s largest obstacle race and endurance brand. The first season of Everyday Spartans can be viewed in its entirety on YouTube.

Assets

About Rakuten

Rakuten, Inc. (TSE: 4755) is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to approximately 1.3 billion members around the world. The Rakuten Group has over 18,000 employees, and operations in 30 countries and regions. For more information visit https://global.rakuten.com/corp/.

About SC30, Inc.

SC30 Inc. is the off-court presence of the two-time NBA MVP and three-time NBA SC30 Inc. is the off-court presence of the two-time NBA MVP and three-time NBA champion, Stephen Curry, across brand partnerships, media, investments and philanthropy. With a focus of aligning purpose and profit, SC30 Inc. exists to ruin the game across all aspects of their business, delivering unparalleled products, experiences, content and opportunities. Launched in 2018, the six-time NBA All-Star and founder set out to expand his footprint and impact beyond the game of basketball. Already an emerging figure in Silicon Valley, the athlete’s brand touts a number of direct investments in innovative consumer and enterprise technology companies, the newly-launched Eat. Learn. Play. Foundation with wife Ayesha, and award-winning media projects. Motivated to challenge the status quo, SC30 Inc.’s ultimate vision is to inspire families through purpose-driven, massive moments.

For more information on SC30 Inc., please visit us on online, LinkedIn, Instagram and Twitter.

About Limitless

Limitless Creative Co. is a full-service creative marketing agency offering next generation brand solutions fueled by a deep understanding of competitive landscapes, the evolving needs of diverse clients, and the latest technologies and trends that shape our culture. Rooted in consumer experience and understanding, and with a keen eye for emerging opportunities, Limitless Creative promotes innovation across brands with a story to tell, a feeling to evoke and the next generation to inspire. Founded in 2013, Limitless Creative is headquartered in Chicago and has locations worldwide. To connect, please visit www.limitlesscreativeco.com.

Rakuten® is a registered trademark of Rakuten, Inc., registered in the U.S. and other countries. All other trademarks are property of their respective owners. © 2019 Rakuten. All rights reserved.

Media Contact:

Rakuten: corp-media-inquiries@mail.rakuten.com