Team funding app FlipGive nabs $5 mln in Framework-led Series A
Toronto-based sports team funding app FlipGive has secured $5 million in a Series A financing. The round was led by Canadian software venture capital firm Framework Venture Partners. Framework's investment is the first of its $150 million debut fund, FVP I, which held an initial close earlier this year. It was joined by iGan Partners, which invested in 2013, and FJ Labs. Launched in 2016, FlipGive provides a digital platform that helps North American youth sports teams, member organizations and clubs raise funds through everyday shopping with favourite brands. The company will use the round's proceeds for new hires, enhanced product features, additional brand partners, marketing and member acquisition.
23 July 2019•4 mins read
