MyTeam Raises €620,000 in Funding to Revolutionize Sports Club Management
Congratulations to myTeam on their remarkable achievement! The Athens-based fintech company has recently secured a significant round of funding totaling €620,000, marking a significant milestone in its journey to transform the daily operations and financial management of sports clubs and organizations. With Eleven Ventures as the main investor and the participation of Genesis Ventures, as well as angel investors from Greece and abroad, including Google Maps co-founder Lars Rasmussen, this funding round represents a remarkable leap forward for myTeam.
MyTeam's Mission: Revolutionizing Sports Management
MyTeam, an innovative management platform for sports academies and clubs, has set out to tackle the complex challenges faced by sports organizations. Their online platform offers solutions that optimize daily operations, streamline financial management, and enhance communication with members, making it a vital tool for sports clubs looking to thrive in an increasingly competitive landscape.
MyTeam's journey
Through the VIPE program, the startup received a significant boost. VIPE, a Visa-sponsored initiative aimed at promoting innovation in the financial and payments industry, has been a key enabler for myTeam’s growth. This program, supported by Endeavor Greece and other partners, facilitated myTeam’s access to valuable resources and opportunities.
Through the program, Eleven Ventures had the opportunity to connect with myTeam’s founders and gain insights into the vision and potential of their company. MyTeam’s founders, with their visionary approach to sports team management, sparked Eleven Ventures’ interest in investing in the company. As a result, myTeam successfully secured key investors who recognized the founders’ dedication and the company’s promising future. With a proven track record of supporting startups, these investors have played a significant role in bolstering the regional startup ecosystem.
The combination of myTeam’s promising vision, the VIPE program’s support, and the backing of experienced investors has positioned them for success in their quest to redefine sports team management.
Expanding Horizons: MyTeam's Ambitious Plans
This round of funding marks a significant step for myTeam, enabling them to continue innovating and expand their presence in Europe. Moreover, it positions them to make a foray into new markets abroad. MyTeam has already gained the trust of many sports academies and organizations in the last year, including Panathinaikos A.O., the Basketball Academies of Olympiakos and Aris, Apollon Patrons, Panserraikos, and numerous others. This success is a testament to the value their platform provides to the sports industry.
A Bright Future with Visa Innovation Program
As myTeam continues to scale and broaden its impact, the Visa Innovation Program remains a valuable partner, fostering connections and opportunities for the startups in its cohort. As they continue to innovate and expand their reach, we can expect even more positive developments from this Athens-based fintech innovator in the future.