SF Client StatSheet Closes $1.3M Venture Financing

StatSheet, a first-in-class sports media company delivering online data visualization and automated publishing capabilities, has secured 1.3 million in its first round of venture capital funding, led by Valhalla Partners. IDEA Fund Partners, and several other prominent investors also participated in the round. Valhalla General Partner Scott Frederick and Atlanta entrepreneur and former Turner Broadcasting executive Greg Foster have been named to the company’s board of directors.

“Financial backing from industry leaders like these will help us more quickly deliver the next generation online sports experience,” said Robbie Allen, founder and CEO of StatSheet, and former Distinguished Engineer, IT at Cisco. “We welcome Scott and Greg to our Board, and look forward to the impact they will have on StatSheet’s success.”

“We are impressed by StatSheet’s pioneering approach to producing relevant and interactive sports content to fans around the world,” said Frederick. “Valhalla is excited to be a part of a venture that will have a huge impact on the sports media space.”

The Company’s current platform, showcased at StatSheet.com, allows sports fans unique access to in-depth analysis and data on hundreds of teams and thousands of players across decades of sports events. Users can run queries on data, instantly build charts and graphs, and customize their view of relevant information.

In addition, the Company’s Embed StatSheet (embed.statsheet.com) service provides media companies and bloggers the ability to insert professional sports stats, content, visualizations, charts and interactive features that display countless derivatives of sports data.

This Fall, the Company plans to roll out an extensive network of team-specific sites powered by a central automated publishing system. Sites will be automatically updated with relevant content such as game previews, injury updates and recaps.

Foster, a long-time advisor to the Company said, “StatSheet’s application of technology and automation in this arena redefines the way that sports content is delivered. This is a real game changer.”

About Valhalla Partners

Valhalla Partners is a trusted partner and advisor to technology entrepreneurs in their quest to build world-class companies. Based in Vienna, Virginia, the firm’s management team has made more than 120 investments over the past 20 years and produced almost $1 billion of investment proceeds. Valhalla prefers investments where the mission of the company is to innovate, challenge and fundamentally change the dynamics of new and existing markets. Investments by Valhalla’s team include Advertising.com, CareerBuilder.com, Clarify, EnterpriseDB, Epicor, JumpTap, LeftHand Networks, Mobius, NextLink, Progress Software, Proxicom, RealOps, Register.com, Riverbed Technologies, SafeNet, SEPATON, ServiceBench, Trilogy, and webMethods. Valhalla Partners brings the full power and network of its experienced team to every investment it makes, helping companies grow faster and smarter regardless of size or maturity. For more information, go to www.valhallapartners.com.

About StatSheet

Established in 2007, Durham-based StatSheet is an online sports data visualization platform designed to organize, generate, and deliver relevant real-time and historical statistics through a central portal and across a network of team specific sites. The company provides detailed statistics for NCAA basketball, College Football, NASCAR, NBA, and has plans to provide similar detail for all other professional and college sports. In addition, the company provides a service called Embed StatSheet, which allows customers to integrate historical or real-time stats, charts, and other graphical elements on a website or blog. For more information, go to www.statsheet.com