Profluence Sports

Profluence Sports

Community Rounds: Decoding the Red-Hot Trend of Equity Crowdfunding

Understanding why sports companies are increasingly turning to their communities, customers, and fans for investment.

Andrew Petcash's avatar
Andrew Petcash
Aug 30, 2023
∙ Paid

Private funding has drastically slowed over the past year.

Especially in and around sports verticals:

The 20% YoY decrease can be attributed largely to capital constraints, high interest rates, and regulatory scrutiny.

This has further fueled the emergence of community rounds.

  • Levels: $5M raised

  • Sunday Golf: $1.1M raised

  • Blue Wire: $100k raised in a few da…

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