Total amount raised
$108.8 Millions
Latest funding date
April, 2015
Location
Hudl has successfully raised significant funding across multiple rounds, with its latest being a Series F. The platform specializes in providing video analysis and coaching tools for sports teams.
Keep reading to explore the intricacies of Hudl's fundraising journey and the investors backing this innovative platform.
What Is Hudl?
Hudl, founded in 2006 in Lincoln, Nebraska, specializes in providing video analysis and coaching tools for sports teams. The company was established by Brian Kaiser, David Graff, and John Wirtz.
Hudl's platform allows coaches to upload game footage, analyze it, and provide feedback to athletes. The company has grown significantly and now employs between 1001 and 5000 people.
With a focus on enhancing sports performance through technology, Hudl continues to innovate and expand its offerings to meet the needs of teams and athletes worldwide.
How Much Funding Has Hudl Raised?
- Series A
- Amount Raised: $2M
- Date: July 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and establish a market presence.
- Series B
- Amount Raised: $3M
- Date: December 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and increase user acquisition.
- Venture Round
- Amount Raised: $1.4M
- Date: January 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's technology.
- Series C
- Amount Raised: $72.5M
- Date: April 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $30M
- Date: July 2017
- Lead Investors: Accel, Jeff and Tricia Raikes, Nelnet
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To integrate AI into sports analytics and expand the workforce.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and future growth initiatives.
- Series F
- Amount Raised: $120M
- Date: May 2020
- Lead Investors: Bain Capital Tech Opportunities
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further innovate and expand the platform's capabilities.
Total Amount Raised: $229.9M. Current Valuation: Not publicly disclosed.
Key Investors
- Bain Capital Tech Opportunities
- Details: Bain Capital Tech Opportunities is a division of Bain Capital, a leading global private investment firm. They focus on growth investments in technology companies.
- Investment Focus Areas: Technology, software, digital transformation.
- Notable Investments: Nutanix, A Cloud Guru, Redis Labs.
- Accel
- Details: Accel is a venture capital firm that partners with exceptional founders with unique insights. They have a long history of investing in early-stage and growth-stage companies.
- Investment Focus Areas: Software, internet, consumer services.
- Notable Investments: Facebook, Dropbox, Slack.
- Jeff and Tricia Raikes
- Details: Jeff Raikes is a former CEO of the Bill & Melinda Gates Foundation and a co-founder of the Raikes Foundation. Tricia Raikes is a philanthropist and co-founder of the Raikes Foundation.
- Investment Focus Areas: Education, youth development, homelessness.
- Notable Investments: Raikes Foundation initiatives, various educational programs.
- Nelnet
- Details: Nelnet is a diversified education services company headquartered in Lincoln, Nebraska. They provide educational services, technology solutions, and loan servicing.
- Investment Focus Areas: Education, technology, financial services.
- Notable Investments: Great Lakes Educational Loan Services, ALLO Communications, Hudl.
- Advantage Capital
- Details: Advantage Capital is an investment firm that provides equity and debt capital to established and emerging companies. They focus on underserved markets and industries.
- Investment Focus Areas: Small business, renewable energy, technology.
- Notable Investments: Hudl, Main Street Hub, Urban Lending Solutions.
What's Next for Hudl?
Hudl's future is brimming with opportunities, particularly in expanding its AI capabilities in sports analytics. With a global reach of over 300,000 games analyzed and more than 153,000 active teams, the potential for growth is immense. The company is poised to innovate further, leveraging its new headquarters to attract top talent and enhance its product offerings.
As Hudl continues to grow, future fundraising rounds seem likely to support its ambitious plans. The integration of advanced AI technologies and the expansion of its workforce will be crucial. However, challenges such as maintaining a competitive edge and navigating global market complexities will require strategic planning and execution.
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