TeamSnap, Inc., a Boulder, CO-based provider of a web-based service to manage sports teams and other groups, has closed its $700,000 first round of funding.
The investment was led by early stage private venture capital firm eonBusiness, with participation from several other angel investors.
TeamSnap, which offers a free service, as well as paid subscriptions for teams and groups that require advanced capabilities, will use the funding to accelerate its growth.
In one year, the company has more than doubled its subscriber base and experienced over 400% revenue growth. TeamSnap today serves customers in over 90 countries, being used to manage soccer clubs, bocce ball teams, bridge clubs and Scouting organizations.