Volo Sports, a Baltimore, MD-based provider of community-focused, tech-enabled adult social sports and curated events, received a strategic growth investment from Manhattan West.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
Led by Giovanni Marcantoni, Founder and CEO, Volo Sports offers access to sports, fitness programs, structured tournaments, social activities, and virtual events, enabling users to meet and connect on and off the field. It builds communities that promote human interaction and an active lifestyle. In partnership with its nonprofit arm, Volo Kids, Volo supports the creation of free youth sports programming designed to build communities of active, resilient, and confident kids.
Through its consumer app, Volo’s comprehensive offering includes access to sports, fitness programs, structured tournaments, volunteering through Volo Kids, and social activities enabling users to meet and connect both on and off the field. The app allows players to create teams as a captain, invite their friends, register/pay for leagues, chat with members of their team, and see their schedules and standings. Volo Pass, Volo’s monthly membership program, allows players to access pickup games, practices, league drop-ins, fitness classes, and social events.
With over 450,000 annual registrations, the company has grown its presence to nine major metropolitan cities through organic launches and strategic acquisitions.
Commenting on the news, Giovanni Marcantoni said: “We see Manhattan West as the perfect teammate to help us achieve further growth. The network, funding, and intellectual capital from this partnership will help us better serve our existing user base, improve our product offering, and bring the Volo experience to even more cities throughout the U.S.”
FinSMEs
19/04/2024