
Fanstake
Empowering college athletes and engaging fans through transparent sponsorship deals and collective fan influence.
Date | Investors | Amount | Round |
---|---|---|---|
* | $6.3m | Seed | |
Total Funding | 000k |
Fanstake operates in the college sports market, focusing on empowering athletes, supporting schools, and engaging fans. The platform facilitates transparent sponsorship deals, allowing fans to collectively influence the direction of their favorite teams. By leveraging the power of fanbases, Fanstake aims to level the playing field for college programs, providing them with a fair chance to recruit top talent. The business model involves charging service fees that cover engineering, operational costs, and marketing efforts to engage national fan bases. Fanstake's unique approach ensures that athletes receive fair market value for their endorsements, while fans gain a more significant voice in the sports they are passionate about. The company generates revenue through these service fees, which include costs for procuring and creating endorsement deals for athletes. Keywords: college sports, athlete empowerment, fan engagement, sponsorship deals, market value, recruiting, collective influence, service fees, endorsement, fanbases.