Sportingo’s Tiny Exit To Tixdaq Went Unnoticed

sportingologoA tiny acquisition of Israeli sport aficionados website Sportingo.com went almost unnoticed in the blogosphere. SportBuzz, the parent company of Sportingo which also owns the blog Caught Offsite as well as the video site Get Sport, was sold for several millions to UK-based Tixdaq.com, an online ticket retailer. SportBuzz had raised $3.5 million in funding to date.

Sportingo is an online media platform where sport fans can post discussions, state their opinions and get the latest sporting news (see last year’s post on VC Cafe). Sportingo’s gimmick, was the use of sanitized user generated content, to ensure that quality is maintained. Together with Caught Off-site and Get Sport.Tv, the websites reportedly attracted one million unique viewers a month.

 

sportingo
Screenshot from Sportingo.com

According to Calcalist, the deal was structured as $1 million in cash, and the rest as commissions earned from ticket sales on Sportingo.com.   Sportingo employs a total of 20 people in its development center in Israel and its sales office in London. As a result of the acquisition, the  Israeli office is expected to close, but the future employment of the team remains to be decided. Ze’ev Rozov, Sportingo’s chief  exec, said that the deal would enable the company to further develop its technology and integrate its content on the ticketing site. 

One of the big winners of this deal is angel investor Tal Barnoach, who also serves as the chairman of Vcon. In the past year, he sold two other companies, including Orca and BeinSynch. Other early stage investors include Igal Ahuvi and Ingenious fund.

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Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
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