Tribesports Secures $2.8 Million in Funding to Expand its Global Sports Networking Platform
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Tribesports Secures $2.8 Million in Funding to Expand its Global Sports Networking Platform

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Introduction

In recent years, interest-based social networking has experienced a significant surge in popularity. With the advancement of technology and the development of innovative tools, it’s become easier for people to connect with others who share similar interests. This phenomenon is not only transforming the way we interact online but also influencing our offline activities.

The Need for Interest-Based Social Networking

People are naturally inclined to connect with others who share their passions and interests. It makes sense that they would want an easy way to do so, especially in today’s digital age where online platforms have made it possible to reach a vast audience. Moreover, interest-based social networking provides a unique opportunity for individuals to discover new activities and hobbies that they might enjoy.

Tribesports: A Pioneer in Sports Social Networking

One startup that’s leading the charge in interest-based social networking is Tribesports. Founded in London, this young company aims to motivate sports enthusiasts to connect online and improve their skills offline. With a focus on building a global community of sports fans, Tribesports has developed a platform that allows users to join ‘Tribes’ based on their favorite sports, location, playing position, and ability level.

Features and Benefits

Tribesports offers a range of features that set it apart from other social networking platforms. Some of its key benefits include:

  • Joining Tribes: Users can connect with others who share similar interests by joining Tribes based on their favorite sports.
  • Taking Challenges: The platform allows users to take part in personal fitness challenges, which can be tracked and monitored through the use of JustGiving integration.
  • Organizing Events: Users can organize events and invite other members of their Tribe to participate.
  • Donating to Challenges: Tribesports also enables users to donate to challenges run by others, providing an added incentive for users to engage with the platform.

Tribesports’ Product-Side Features

In addition to its community-driven features, Tribesports has developed a product-side that includes:

  • Database and Aggregated Shopping Solution: The platform allows users to search through over 1.5 million sports products from over 250 retailers.
  • Equipment Management: Users can add equipment they use to their personal profiles, write reviews of the products, or place them on their wish list.

Funding and Future Plans

Tribesports has secured $2.8 million in Series A funding, led by a strategic investor and a group of international angels. The new financing brings the startup’s total to just over $3 million. With this investment, Tribesports plans to focus on core product development, user growth, and global expansion.

CEO Steve Reid’s Vision

Tribesports CEO & Co-founder Steve Reid says that the company is seeing encouraging engagement from its community of users. With power users visiting the site over 200 times each month and spending as much as three full days each month using the service, Reid attributes the growing engagement to the fact that this is a vertical that has traditionally been underserved.

Conclusion

The rise of interest-based social networking has transformed the way we interact online. With platforms like Tribesports leading the charge, it’s clear that this trend is here to stay. As Tribesports continues to grow and expand its user base, it will be interesting to see how it adapts to changing user needs and preferences.

Sources

  • [1] TechCrunch Daily News
  • [2] Startups Weekly

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