Vancouver's TeamPages announced today that it has completed its second round of financing led by Burda Digital Ventures, W Media Ventures, and local angel investors, including Ralph Turfus, founder and past CEO of Class Software Solutions. Industry leading Active Network acquired Turfus' Class Software in 2004.
“Since our first round of financing, we have been listening closely to our community and heads down improving the product and making it easier to use. And it has really paid off. We are seeing upwards of 1200-1400 teams registering each month with this number steadily climbing as the busy spring sport season is approaching,” says Mike Tan, founder and CEO of TeamPages. “We are really excited about this round of financing. Not only will it help us continue to improve our platform and bring on more teams, but it has added a some really smart investors to our team as well.”
The new financing will be used to further develop its newly launched League and Club Management software and expand into larger youth sport associations, leagues, and clubs across North America. TeamPages has been on a roll of late. Last month their profile ran on an episode of CBC’s Fortune Hunters and they also celebrated having their 10,000th team join the TeamPages community.
Burda Digital Ventures is the venture capital arm of Hubert Burda Media, one of Germany’s largest media companies. Together with local Internet entrepreneur and investor Boris Wertz, Burda Digital Ventures has expanded its investment activities in the Pacific Northwest by focusing on Consumer Internet opportunities. Current investments include Victoria’s AbeBooks Inc. (acquired by Amazon in August 2008) and Vancouver-based Suite101.com.
Disclosure: Boris Wertz of W Media Ventures is a Director of Techvibes Media Inc.