VC-backed iLiga receives €5m funding round led by USV
Earlybird-backed football app iLiga has raised a €5m funding round led by Union Square Ventures (USV), a US-based venture capital house.
The funding comes shortly after a €10m capital injection led by Berlin-based Earlybird in April this year.
USV backed the German start-up because iLiga has built up a large network in an existing major market, with a mobile-first approach, the GP stated.
USV was one of the first investors to back Twitter in a series-A funding round in 2007. The New York-based VC also invested in Kickstarter and Foursquare in 2009, as well as in SoundCloud in 2010.
Company
iLiga, also known as The Football App, is operated via a business vehicle called Motain, which is based in Berlin. The app offers real-time scores, news, videos and statistics for more than 100 football leagues in seven languages.
iLiga achieved 3 million downloads over the last six months, bringing the total to 10 million. It attracts more than 4.5 million users every month.
The company was founded in 2008 and currently employs 30 people.
People
Brad Burnham is managing partner at USV. Lucas von Cranach is Motain's CEO and founder.
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