Buzzer, a New York-based streaming sports discovery application, has bagged US$ 20 million in a Series A funding round led by existing investor Sapphire Sport on 30 June 2021.
Investors: The investment round featured Sapphire Sport as the lead investor and Canaan Partners as a new investor. The round also included investments from tennis star Naomi Osaka. The company is also backed by Imagination Capital, R&R Ventures and many other investors.
Purpose of the funding: Buzzer seeks to deploy the funds raised from the recent investment round towards social feature development, forming partnerships and recruiting fresh talent. The company has raised a total of US$ 24 million to date.
About Buzzer
Founded in 2020 by Bo Han, who previously worked at Twitter for seven years, Buzzer offers a seamless user and viewing experience by aggregating live sports streaming rights and allowing customers to develop personalized alerts according to their needs. Buzzer has set the vision to streamline the invention of live instances and build them flawlessly. Currently, consumers downloading the application can create profiles by setting choices for their preferred sportspersons, teams and leagues. Consequently, they are attached to the user’s waitlist before receiving full entry to the application, at which phase consuming live content is allowed. Today Buzzer is at an early admittance release level, accessible for download on Apple’s App Store and Android’s Google Play store.
What the CEO has to say: “We dream of being the leader of discovery and developing tools that drive Gen Z enthusiasts to live sports with easy admittance to brief instances. We pursue to structure Buzzer with admirers’ preferences in memory and with a partner-first viewpoint that brings unforeseen chances for them to sway new spectators, establish new profit-earning strategies, and give an added advantage to their current users.”- Bo Han, Founder and CEO of Buzzer.
What the Investors have to say: “Sports media is witnessing an existential drawback. Buzzer dispenses a new outlook to retrieve gain in the US$ 75 billion U.S. live sports industry.”- Maha Ibrahim, General Partner at Canaan. “Han and the Buzzer crew’s partner-first, market-modernizing strategy, focused on customization, information and adaptability caters leagues, teams, domestic and OTT / DTC services impartially.”- Michael Spirito, Partner at Sapphire Sport.
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