BREAKING NEWS: Krossover, the sports video analysis and statistics company was just acquired by Dallas-based Blue Star Sports, a sports management firm. The terms of the acquisition were not disclosed.
Founded in 2008 by Vasu Kulkarni who we interviewed last week for our Inside the Mind of NYC VC series (Kulkarni also runs sportstech-focused VC firm Courtside Ventures), Krossover has raised a total of $24.86M in funding over 8 rounds with the last round – Series B in May of 2016. Investors in the company include Stephen Ross, NBA great David Robinson, Dan Gilbert, Active Angels, Baltimore Sngels, Jarcap, Ken Fox, Larry Stone, Sanjay Chadda,, SierraMaya360, and Greg Cangialosi. According to the companies, Kulkarni will remain to run Krossover within Blue Star, leveraging its portfolio of sports-tech focused products for youth sports.
“Over the past seven years, it’s truly been gratifying to see coaches, athletes and teams play smarter and gain a better understanding of their sport through our platform,” said Kulkarni on the acquisition. “It’s an exciting opportunity to join the Blue Star Sports family and accelerate Krossover’s growth in the greater sport community. We’ll now be able to provide our current and future customers a wide variety of technology solutions for their teams, all directly complementing the products Krossover already provides.”
Focused on youth sports management, Blue Star has built a suite of products that converge at the intersection of sports and technology. “The addition of Vasu to Blue Star Sports bolsters what was already the strongest lineup of leaders in the sports technology space,” said Rob Wechsler, the Founder and CEO of Blue Star Sports. “Krossover adds yet another powerful layer to the portfolio. Blue Star Sports is with you from your very first rec league all the way to the high school, collegiate and professional ranks. Our technology is used by tens of millions of people, all over planet. The depth and breadth of the product we now offer is unrivaled by anyone in the industry.”