Colorcast, an Austin, TX-based provider of a social sports talk app, raised $3.5M in Seed funding.
The round was led by Next Coast Ventures, with participation from Tribeca Early Stage Partners, Capital Factory, VoicePunch, Hilltop Ventures Partners, eon Capital Venture Fund, Connetic Ventures, and Harvard Business School Angels.
The company intends to use the funds to expand operations and its business reach.
Led by Co-Founder and CEO Evan Kirkham, Colorcast is a Social Sports Talk App that allows anyone, anywhere, with no equipment, to commentate on live sports, before, during, and after the game. It provides “casters” and listeners with stats, scores, betting odds, and other real-time information about the game. Casters and listeners interact with each other via text chat or via the “Hot Seat,” where listeners are brought onto the microphone and given a chance to ask questions or share their own hot sports takes.